§ 1 Taxes for state expenses. Sec. 1. The legislature shall impose taxes sufficient with other resources to pay the expenses of state government. History: Const. 1963, Art. IX, § 1, Eff. Jan. 1, 1964 Constitutionality: Const 1963, art 6, § 1 and art 9, §§ 1 and 3 do not require the state to […]
§ 10 Sales tax; distribution to local governments. Sec. 10. Fifteen percent of all taxes imposed on retailers on taxable sales at retail of tangible personal property at a rate of not more than 4% shall be used exclusively for assistance to townships, cities and villages, on a population basis as provided by law. In […]
§ 11 State school aid fund; source; distribution; guarantee to local school district. Sec. 11. There shall be established a state school aid fund which shall be used exclusively for aid to school districts, higher education, and school employees’ retirement systems, as provided by law. Sixty percent of all taxes imposed at a rate of […]
§ 12 Evidence of state indebtedness. Sec. 12. No evidence of state indebtedness shall be issued except for debts authorized pursuant to this constitution. History: Const. 1963, Art. IX, § 12, Eff. Jan. 1, 1964 Former Constitution: See Const. 1908, Art. X, § 11.
§ 13 Public bodies, borrowing power. Sec. 13. Public bodies corporate shall have power to borrow money and to issue their securities evidencing debt, subject to this constitution and law. History: Const. 1963, Art. IX, § 13, Eff. Jan. 1, 1964
§ 14 State borrowing; short term. Sec. 14. To meet obligations incurred pursuant to appropriations for any fiscal year, the legislature may by law authorize the state to issue its full faith and credit notes in which case it shall pledge undedicated revenues to be received within the same fiscal year for the repayment thereof. […]
§ 15 Long term borrowing by state. Sec. 15. The state may borrow money for specific purposes in amounts as may be provided by acts of the legislature adopted by a vote of two-thirds of the members elected to and serving in each house, and approved by a majority of the electors voting thereon at […]
§ 16 State loans to school districts. Sec. 16. The state, in addition to any other borrowing power, may borrow from time to time such amounts as shall be required, pledge its faith and credit and issue its notes or bonds therefor, for the purpose of making loans to school districts as provided in this […]
§ 17 Payments from state treasury. Sec. 17. No money shall be paid out of the state treasury except in pursuance of appropriations made by law. History: Const. 1963, Art. IX, § 17, Eff. Jan. 1, 1964 Former Constitution: See Const. 1908, Art. X, § 16.
§ 18 State credit. Sec. 18. The credit of the state shall not be granted to, nor in aid of any person, association or corporation, public or private, except as authorized in this constitution. This section shall not be construed to prohibit the investment of public funds until needed for current requirements or the investment […]
§ 19 Subscription to or interest in stock by state prohibited; exceptions. Sec. 19. The state shall not subscribe to, nor be interested in the stock of any company, association or corporation, except as follows: (a) Funds accumulated to provide retirement or pension benefits for public officials and employees may be invested as provided by […]
§ 2 Power of taxation, relinquishment. Sec. 2. The power of taxation shall never be surrendered, suspended or contracted away. History: Const. 1963, Art. IX, § 2, Eff. Jan. 1, 1964 Former Constitution: See Const. 1908, Art. X, § 9.
§ 20 Deposit of state money in certain financial institutions; requirements. Sec. 20. No state money shall be deposited in banks, savings and loans associations, or credit unions, other than those organized under the law of this state or federal law. No state money shall be deposited in any bank, savings and loan association, or […]
§ 21 Accounting for public moneys. Sec. 21. The legislature shall provide by law for the annual accounting for all public moneys, state and local, and may provide by law for interim accounting. The legislature shall provide by law for the maintenance of uniform accounting systems by units of local government and the auditing of […]
§ 22 Examination and adjustment of claims against state. Sec. 22. Procedures for the examination and adjustment of claims against the state shall be prescribed by law. History: Const. 1963, Art. IX, § 22, Eff. Jan. 1, 1964 Former Constitution: See Const. 1908, Art. VI, § 20.
§ 23 Financial records; statement of revenues and expenditures. Sec. 23. All financial records, accountings, audit reports and other reports of public moneys shall be public records and open to inspection. A statement of all revenues and expenditures of public moneys shall be published and distributed annually, as provided by law. History: Const. 1963, Art. […]
§ 24 Public pension plans and retirement systems, obligation. Sec. 24. The accrued financial benefits of each pension plan and retirement system of the state and its political subdivisions shall be a contractual obligation thereof which shall not be diminished or impaired thereby. Financial benefits arising on account of service rendered in each fiscal year […]
§ 25 Voter approval of increased local taxes; prohibitions; emergency conditions; repayment of bonded indebtedness guaranteed; implementation of section. Sec. 25. Property taxes and other local taxes and state taxation and spending may not be increased above the limitations specified herein without direct voter approval. The state is prohibited from requiring any new or expanded […]
§ 26 Limitation on taxes; revenue limit; refunding or transferring excess revenues; exceptions to revenue limitation; adjustment of state revenue and spending limits. Sec. 26. There is hereby established a limit on the total amount of taxes which may be imposed by the legislature in any fiscal year on the taxpayers of this state. This […]
§ 27 Exceeding revenue limit; conditions. Sec. 27. The revenue limit of Section 26 of this Article may be exceeded only if all of the following conditions are met: (1) The governor requests the legislature to declare an emergency; (2) the request is specific as to the nature of the emergency, the dollar amount of […]
