Ballot Measure 48 proposes to limit state spending by amending the Oregon Constitution to provide that, unless approved by a 2/3 vote of both the Oregon House and Senate and a subsequent approval by a majority of the voters, spending for state services in a two-year period cannot exceed the amount spent in the previous two-year period plus the combined rate of the increase of the state's population and inflation in that same, previous, two-year period.
Source for Popular Vote data: Oregon Secretary of State. Official Results- November 7, 2006, General Election, Oregon Secretary of State (http://www.sos.state.or.us/elections/nov72006/g06results.html) (accessed 11 May 2007)