3.__Inflation adjustment factor.__"Inflation adjustment factor" means the increase in the Consumer Price Index for the most recently available calendar year as calculated by the United States Department of Labor, Bureau of Labor Statistics.

4.__Local district.__"Local district" means any county, municipality or other substate governmental entity with the authority to collect revenue.

5.__Population adjustment factor.__"Population adjustment factor" means the increase or decrease in population for the preceding calendar year over the prior calendar year as determined annually by the Executive Department, State Planning Office statewide and for each municipality based on federal census estimates.

6.__Quasi-governmental agency.__"Quasi-governmental agency" means any separate legal entity for which the State is financially accountable and that is included in the financial statements of the State for financial reporting purposes under guidelines established by generally accepted accounting principles mandated by a governmental accounting standards board.

7. Revenue.__"Revenue" means taxes and fees collected by the State, a quasi-governmental agency or a local district pursuant to the statutes of the State, including those collected under Title 36, Part 2.__It includes money received from the sale of goods and services only to the extent that the receipts exceed the cost of providing the goods or services.

§2043.__Approval of revenue increases

1.__Approval of increases.__The following forms of approval are required to adopt an increase in revenue:

A.__The measure must be approved by a vote of 2/3 of all the members of each House of the Legislature or 2/3 of the members of the legislative body of a quasi-municipal agency or a local district; and

B.__Except as provided in subsection 2, the measure must be approved by a majority of the voters in the jurisdiction as described in subsection 3.

2.__Exceptions.__Voter approval under subsection 1, paragraph B is not required if: