How does Amendment 60 interact with two other measures on the ballot?
Amendment 60 along with Amendment 61 and Proposition 101 contain provisions that affect state and local government finances by decreasing taxes paid by households and businesses and restricting government borrowing. How these measures work together may require clarification from the state legislature or the courts. Amendment 60 reduces local property taxes, while requiring state expenditures for K-12 education to increase by an amount that offsets the property tax loss for school districts. Amendment 61 requires state and local governments to decrease tax rates when debt is repaid, which is assumed in this analysis to apply to the existing debt of state and local governments, and it prohibits any borrowing by state government. Proposition 101 reduces state and local government taxes and fees. Since portions of these measures are phased in over time, the actual impacts to taxpayers and governments will be less in the initial years of implementation and grow over time. Assuming that all
Related Questions
- How does the proposed amendment interact with the Missouri Constitutions existing Hancock Amendment, and does Hancock already provide adequate legal protection against a transfer tax?
- How does Amendment 61 interact with two other measures on the ballot?
- Who writes and edits the information accompanying ballot measures?
