Proposition 403: A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF THATCHER, ARIZONA, PROPOSING A PERMANENT BASE ADJUSTMENT OF THE STATE-IMPOSED EXPENDITURE LIMITATION FOR THE TOWN OF THATCHER.

PURSUANT TO THE ARIZONA STATE CONSTITUTION,
THE TOWN OF THATCHER SEEKS VOTER APPROVAL TO PERMANENTLY ADJUST THE EXPENDITURE BASE OF THE TOWN AS DETERMINED BY THE ECONOMIC ESTIMATES COMMISSION. THE TOWN SEEKS AN ADJUSTMENT OF $2,500,000.