OK HJR1047

Proposes amending Section 23 of Article X of the Oklahoma Constitution to reduce the annual appropriation growth limit from 12% to 7%, adjusted for inflation from the previous calendar year

Requires voter approval through a legislative referendum to enact this constitutional amendment

Maintains existing balanced budget requirements, including the State Board of Equalization's certification process 35-45 days before each legislative session

Preserves the 95% revenue estimate cap on available appropriations, with federal funds certified at 100%

Directs the Secretary of State to refer the measure to voters and requires the Chief Clerk to file copies with the Secretary of State and Attorney General