Aberdeen Council Says NO to I-1033
The initiative seeks to limit growth in state, county and city revenues deposited into expense funds, based on annual growth in inflation and population.
State officials report that I-1033 is expected to reduce general fund revenues by approximately 5.9 billion by the year 2015. Revenues that support public safety, and infrastructure would also be reduced by an estimated 694 million for counties, and 2.1 billion for cities in that time.
Supporters of the initiative say it will decrease property taxes, control levies, and limit valuation increases.