Resolution, Proposing An Amendment To The Constitution Of Maine To Limit Taxes, Spending Or Debt Without Approval By The Voters

LD 1818 proposes a constitutional amendment to require voter approval for new taxes, increases to existing taxes (including income and property taxes), government spending increases exceeding inflation, and new debt. It would directly affect Maine voters and state/local governments by mandating public approval for these changes, except for spending increases that match inflation. The amendment would become part of Maine's Constitution if approved by voters in a statewide referendum. This change would alter how state and local governments fund operations and borrow money. The bill specifies that the Legislature must later create a statutory process to determine what constitutes "inflation" for spending increases.