| This staff paper reviews the Senate (SSB2072) and House (HSB688) versions of a proposed 1998 Amendment to the Iowa Constitution and provides a preliminary analysis of the fiscal impacts on the state general fund receipts, general fund appropriations, and local property taxes assuming each proposal was implemented in FY 1984. While the year-to-year reductions in spending are relatively small, the cumulative fiscal impact of the SSB2072 would likely have resulted in (1) a FY1997 state general fund limit that allows 32 percent less spending than actual FY1997, (2) a $710 million reduction in the growth of state aid to local government, and (3) a 29.7 percent increase in property taxes, if property taxes were used to fully replace the reduction in growth of... |
