Initiative 1033 will be on the November ballot.
The Secretary of State's office announced this afternoon that it's way over the minimum for signatures required to make the grade.
It turned in so many signatures that the office does a random sample check. In the check, they had a rejection rate of about 12 percent, which is unusually low, the state elections office noted.
If approved by voters, the initiative would limit the growth in state, county and city government revenues based on a formula that's adjusted for inflation and population growth, unless voters approve increases. You can read more about it here.
In other signature gathering news, supporters of Referendum 71, which would repeal the state's latest domestic partnership law, said over the weekend they had about 75,000 signatures. They'll need a minimum of 120,000 by July 25, which could be a real scramble.