State of South Dakota
LEGISLATIVE ASSEMBLY, 2018
||SENATE JOINT RESOLUTION NO. 5 |
Introduced by: Senators Stalzer, Kolbeck, Nelson, Russell, and Tapio and Representatives Howard, Brunner, Campbell, Clark, Dennert, DiSanto, Goodwin, Gosch, Heinemann, Jensen (Kevin), Johnson, Kaiser, Karr, Latterell, Livermont, Marty, Peterson (Sue), Pischke, and Schaefer
A JOINT RESOLUTION, Proposing and submitting to the voters an amendment to the Constitution of the State of South Dakota regarding the maximum annual change in general fund appropriations.
BE IT RESOLVED BY THE SENATE OF THE STATE OF SOUTH DAKOTA, THE HOUSE OF REPRESENTATIVES CONCURRING THEREIN:
Section 1. That at the next general election held in the state, the following amendment to Article XII of the Constitution of the State of South Dakota, as set forth in section 2 of this Joint Resolution, which is hereby agreed to, shall be submitted to the electors of the state for approval.
Section 2. That Article XII of the Constitution of the State of South Dakota, be amended by adding a NEW SECTION to read as follows:
§ 8. The maximum annual percentage change in general fund appropriations in the general appropriations act adopted by the Legislature each fiscal year may not exceed the lessor of the following rates, calculated for the average of the two preceding years:
(1) A rate equal to the sum of the rate of growth of the state's population and the rate of inflation;
(2) The rate of growth of personal income of the state residents; or
(3) The rate of growth of the state gross domestic product.
The Legislature shall determine the rates used in subdivisions (1), (2), and (3).