What Would Amendment Three Mean to Low and Moderate Income People?10/02/12 Robert Lorei
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Good morning, welcome to Radioactivity. I'm Rob Lorei. This November Florida voters will be asked to decide the fate of eleven proposed amendments to the Florida Constitution. Today we'll talk about Amendment Three. Here's the text of the proposed amendment:
CONSTITUTIONAL AMENDMENT ARTICLE VII, SECTIONS 1 and 19 ARTICLE XII, SECTION 32 STATE GOVERNMENT REVENUE LIMITATION.â€”This proposed amendment to the State Constitution replaces the existing state revenue limitation based on Florida personal income growth with a new state revenue limitation based on inflation and population changes. Under the amendment, state revenues, as defined in the amendment, collected in excess of the revenue limitation must be deposited into the budget stabilization fund until the fund reaches its maximum balance, and thereafter shall be used for the support and maintenance of public schools by reducing the minimum financial effort required from school districts for participation in a state-funded education finance program, or, if the minimum financial effort is no longer required, returned to the taxpayers. The Legislature may increase the state revenue limitation through a bill approved by a super majority vote of each house of the Legislature. The Legislature may also submit a proposed increase in the state revenue limitation to the voters. The Legislature must implement this proposed amendment by general law. The amendment will take effect upon approval by the electors and will first apply to the 2014-2015 state fiscal year.
We're joined now by three people who are warning that the amendment will have a severe impact on our schools, medical coverage, state and local governments. They are: Stephanie Baxter-Jenkins, Exec. Dir., Hills Classroom Teacher's Association; Robb Gray, Center on Budget & Policy Priorities (based in DC) and Tim Heberlein of Awake Florida and the Florida Consumer Action Network.