This staff paper-reviews the Senate (SSB2072) anU 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 FY1984. 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)'a29.7 percent increase in property taxes, if property taxes;were used,to fully replace: the reduction in-growth of state aid to local governments.
Edelman, Mark A. Dr., "A Preliminary Analysis of the Proposed 1998 Taxpayers' Right Amendments to the Iowa Constitution and Fiscal Consequences Assuming Implementation from FY1984 to Present" (1998). Economic Staff Paper Series. 297.