Amend the Shields ballot proposition amendment to CSHJR 4 to
read as follows:
Strike the ballot proposition and substitute the
following: "The constitutional amendment authorizing changes in
law to reduce local property taxes and increase the state's share
of public education funding, including:
(1) dedication of lottery revenue to public schools;
(2) authorizing a limited state property tax on
nonresidential property;
(3) authorizing a privilege or franchise tax on the income
and capital of business organizations other than sole
proprietorships;
(4) providing for the transfer to a different homestead of
the school property tax freeze on homesteads of the elderly;
(5) providing a cap on the maintenance and operations tax
rate for schools;
(6) authorizing the legislature to limit the frequency of
appraisals and increases in value of residence homesteads for
property tax purposes;
(7) providing for the creation of a commission to study and
make recommendations on efficiency in state government;
(8) providing an equity standard for the public school
finance system;
(9) providing for alternative taxation of separate interests
in oil and gas;
(10) authorizing a franchise tax on certain river
authorities generating electricity; and
(11) establishing public schools as the first priority in
state spending and preserving the level of state funding of public
schools."