ACA 13: Public finance: Balanced Budget Accountability Act of 2025.

The bill proposes to amend the California constitution to improve public finance. It would require all bills making general fund appropriations to be passed by a 2/3 vote in each house of the legislature, eliminating exceptions for the budget bill and other related bills. Additionally, any change in state statute that increases taxes would need to be approved by a 2/3 vote. The bill would also authorize the state to contract with private entities for governmental services, subjecting at least 10% of program activities to fair and open competitive bidding. Furthermore, the bill would set limits on state employment costs, capping them at 95% of total employment costs in the 2024-25 fiscal year, and 100% of total employment costs in the immediately preceding fiscal year, adjusted for national wage changes.