Bill > SJR10

This joint resolution proposes an amendment to the Oregon Constitution that would limit state government spending growth in each two-year budget cycle (biennium) to the lowest of three metrics: the projected percentage increase in personal income, the percentage increase in population and inflation, or the projected percentage increase in Oregon's gross domestic product. The proposed constitutional amendment establishes detailed rules for calculating these metrics, using the most recent economic forecasts and officially designated state agency calculations. The resolution allows spending limits to be exceeded only in emergencies, which require a three-quarters vote in both legislative houses. Any excess revenues would be transferred to a reserve fund, and certain types of appropriations are exempted from the limits, including federally funded programs, state bond-financed projects, fee remission programs for public universities, and voluntary donations. The amendment would take effect for budget cycles beginning July 1, 2027, and would be automatically repealed on June 30, 2029. Importantly, the proposed change would be submitted to Oregon voters for approval or rejection at the next regular general election, allowing direct public input on this significant fiscal policy modification.

https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/SJR10