Missouri Spending Limit Amendment (2012)
|Not on Ballot|
| This measure did not or |
will not appear on a ballot
The measure would have prohibited lawmakers from increasing spending by more than the annual rise in the Consumer Price Index, plus population growth. Additionally, state revenues that exceed spending limits would first be directed towards paying down public debt, remaining funds would then go into the reserve fund. If funds still remained then they would be used to temporarily reduce income taxes.
Path to the ballot
In order to qualify for the ballot, the measure required approval by a majority of the members of each chamber of the Missouri General Assembly.