No!!! on I-1033

If this initiative passes, it will devastate already stressed state and local government budgets and will greatly impact funding for critical health, safety and human services. Please consider endorsing the NO on I-1033 campaign, and please educate your constituents about why it is critical to vote NO on this measure in November.

The quick facts about I-1033:

• During periods of recession, revenue can fall sharply because of decreased economic activity (like it did this year). I-1033 would limit our ability to return to previous levels of investment because the base from which revenue growth is determined would be linked to this year's spending.

• I-1033 limits the growth in revenue each year for state, county, and city general funds through an arbitrary formula based on the cost of inflation plus population growth. This fails to account for the actual costs of services that we all use, and it would severely limit Washington's ability to make long-term investments in education, healthcare, and economic security.

• If total revenues for state or local governments grow more quickly than the limit, property taxes would be reduced. However, I-1033 does nothing to ensure that the property tax relief would be properly targeted to those who need it most. Making matters even worse, because of existing property tax limits, this would permanently decrease in the ability of state and local governments to fund basic public structures.