The measure to end local property taxes based on assessed value would have forced the state to provide an estimated $3.15 billion in replacement revenue to local governments during each two-year budget, according to a legislative panel. The state now forecasts about $5 billion in general tax revenues in the current two-year budget.

This measure would allow for the production, sale, possession and use of cannabis by those 21 and over.

Voters in two sparsely populated red states, North Dakota and South Dakota, have rejected ballot initiatives that would have legalized recreational marijuana. With nearly all ballots counted on Tuesday night, North Dakota's Initiated Measure 5 had ...