Proposes constitutional amendment to provide for Statewide initiative and referendum for directing State fiscal restraint.

ACR 50 is a proposed constitutional amendment that would give New Jersey voters direct power to approve or reject specific state spending and tax policies through initiative and referendum. It requires petitions signed by 25% of registered voters in 14 counties to qualify for a statewide ballot vote on fiscal matters like reducing state spending by up to 10% in a given year. If approved by voters, such measures would take effect unless the legislature rejects them within 45 days using a two-thirds vote in both chambers. The bill, currently introduced but not yet enacted, aims to shift fiscal decision-making authority from the legislature to voters.