• Permits Legislature to enact budget and budget-related tax and appropriation bills with 55% vote rather than 2/3 vote currently required.
• Requires that Legislature, Governor permanently lose salary, expenses for each day budget is late.
• Requires that Legislature stay in session until budget is passed.
• Requires budget summary in state ballot pamphlet and link to Internet website with legislators' voting records on budget and related taxes.
• Requires 25% of certain state revenue increases be deposited in reserve fund, which cannot be used to increase spending.