Constitutional amendment; relating to tax credit protection.

This constitutional amendment (SJR 2) changes Oklahoma's budget procedures by establishing annual spending limits based on inflation and population growth. It requires the State Board of Equalization to certify revenue estimates and spending limits (capped at 95% of projected revenue), mandating voter approval for any appropriations exceeding these limits. The amendment also renames the "Constitutional Reserve Fund" as the "Constitutional Emergency Fund" and modifies how state funds are allocated and certified. It directly affects state budgeting processes and requires legislative action to adjust spending beyond certified limits.