The Real Story Initiative 423 is a proposed amendment to our Nebraska State Constitution. If passed, it would lock an inflexible budget formula into our state constitution.It would tie the state budget to a mathematical formula of population growth plus the Consumer Price Index. This formula would be a disaster for the citizens of Nebraska and our state's economy. The Consumer Price Index is used to measure what consumers buy, not what our state government buys. While consumers buy things such as groceries, clothes and housing, the state government buys things like schools, law enforcement, fire protection, prisons, roads, and health services for the young and the elderly. The costs of the services and products our state government provides citizens are rising much faster than the Consumer Price Index. The rigid formula outlined in Initiative 423 does not allow the state to keep up with the real cost of providing basic public services. Initiative 423 would permanently lock this formula into Nebraska's Constitution. Initiative 423 threatens to cut funding for government services such as education, public safety, public health, aging services and roads. If our state is unable to support such services, the burden will fall to local governments and will lead to increased property taxes. The only state to pass 423/TABOR now calls it a complete disaster. Watch the Video. Interview with Republican Asst. Minority Leader Colorado Senator Steve Johnson