If passed, this referendum will save the average state taxpayer $3,600 per year. Sounds nice, right? Well yes, until you consider that the income tax funds about 40% of the state's budget, which would be cut considerably. Proponents say taxpayers' money is wasted by poor government oversight. The same proposal was rejected by voters in 2002, in a close vote: anti-income tax proponents won a hefty 45% of votes.