Initiative 1033 proposes limiting revenue growth for Washington state, counties, and cities to only inflation and population growth. Revenues above this limit would reduce property taxes. Supporters argue it provides fiscal discipline while allowing growth. Opponents argue it would significantly reduce state revenues, cutting billions from education and other services by 2015. A local PTA chapter considers and passes a resolution to recommend voting no on Initiative 1033 due to its expected harmful impacts on K-12 education funding.