Constitution, Art. IV, Part Third, §24 is enacted to read:

Section 24.__Limitation on growth of state budget.__The Legislature shall establish a General Fund expenditure ceiling that limits the growth of General Fund appropriations, excluding federal funds received by the General Fund, to 75% of the growth in statewide personal income in the prior calendar year.__No appropriations in excess of this ceiling may be authorized during any legislative session unless the Legislature, by a 2/3 vote of the entire elected membership of both Houses, sets forth the dollar amount and the rate by which the ceiling will be exceeded and the reasons therefor.__ Any amount of General Fund revenues that exceeds the limit on General Fund expenditures established in this section must be used as follows:__1/3 of the amount must be transferred to reduce the unfunded liabilities of the Maine State Retirement System;__1/3 of the amount must be transferred to a budget stabilization fund; and 1/3 of the amount must be returned to the taxpayers of the State of Maine.__In the event that the unfunded liability is eliminated, that portion of revenue must be equally divided between the other 2 purposes.

; and be it further

Constitutional referendum procedure; form of question; effective date. Resolved: That the municipal officers of this State shall notify the inhabitants of their respective cities, towns and plantations to meet, in the manner prescribed by law for holding a statewide election, at a statewide election, on the Tuesday following the first Monday of November following the passage of this resolution, to vote upon the ratification of the amendment proposed in this resolution by voting upon the following question:

"Do you favor amending the Constitution of Maine to establish a ceiling that limits the growth in state spending to 75% of the growth in statewide personal income in the prior calendar year, to require a 2/3 vote of the Legislature to approve General Fund expenditures that exceed this ceiling and to require that surplus funds be distributed in equal parts to the unfunded liability of the Maine State Retirement System, to a budget stabilization fund and to the voters?"

The legal voters of each city, town and plantation shall vote by ballot on this question and designate their choice by a cross or check mark placed within the corresponding square below