Proposes a constitutional amendment to impose an appropriation spending limitation and to establish the "Tax Reform Fund" to be used to fund budgetary shortfalls, subject to an appropriation limitation, implement sales tax changes, and allow for certain taxation changes based on revenue triggers, by general law

HJR 35 proposes a constitutional amendment to set annual spending limits for Missouri's state government based on population changes. The amendment establishes a spending cap that adjusts yearly: it increases by the population growth rate if growth exceeds 1%, stays at 101% of the prior year's spending for 1% or less growth, and decreases for population decline. A two-thirds legislative vote could temporarily raise the cap by 2% for up to one year to address budget needs. The amendment also creates a "Tax Reform Fund" in the state treasury, funded by tax revenues, to cover budget shortfalls, and includes changes to sales tax policies and other tax provisions. This amendment would require voter approval to take effect.