Modifies provisions relating to taxation

This constitutional amendment (SJR 4) would require Missouri counties and local governments to obtain voter approval before raising most local taxes, fees, or licenses above current levels. It sets specific rules for adjusting tax levies when property values change, ensuring revenue stays consistent with prior levels. The amendment excludes taxes for bond payments (but applies if those funds are used for other purposes). If approved by voters in the 2026 election, it would replace current constitutional tax authority rules.