Arizona School District Debt Limits Amendment, Proposition 100 (1978)
State and Local
Spending & Finance
|Not on ballot|
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- These results are from the Arizona elections department.
Text of measure
Amending Arizona Constitution, Article IX, Sections 8 and 8.1 allowing common and high school districts to exceed existing 10% debt limit by 5% of taxable property value; unified districts to exceed existing 20% debt limit by 10% subject to the majority approval of the district's qualified electors.
A " yes" vote shall have the effect of allowing an increase in existing school district debt limits subject to voter approval.
The summary from the Legislative Council for this measure was:
The Constitution of Arizona currently prohibits both common and high school districts from incurring debts exceeding an amount equal to ten percent of the value of the district's taxable property. Unified school districts, which provide both common and high school instruction, are similarly prohibited from incurring debts exceeding twenty percent. Proposition 100 would allow both common and high school districts on a majority vote of the qualified electors of the district to exceed the existing ten percent limit by an additional five percent of the value of the taxable property of the district if:
1. The current property tax levied by the district for payment of interest and redemption of outstanding bonds is at least one dollar per one hundred dollars assessed valuation; and
2. The district's existing bonded indebtedness, excluding cash held by the district to pay the indebtedness, on January 1 of the current fiscal year is equal to at least eighty percent of the ten percent limit.
Proposition 100 would similarly allow unified school districts on a majority vote of the qualified electors of the district to exceed the existing twenty percent limit by an additional ten percent of the value of the taxable property of the district if:
1. The current property tax levied by the district for payment of interest and redemption of outstanding bonds is at least two dollars per one hundred dollars assessed valuation; and
2. The district's existing bonded indebtedness, excluding cash held by the district to pay the indebtedness, on January 1 of the current fiscal year is equal to at least eighty percent of the twenty percent limit.
The full text of the legislation proposed by this proposition is available here.
|historical ballot measure article requires that the text of the measure be added to the page.|
Arguments in favor of this measure can be found here.
Arguments in opposition to this measure can be found here.
- National Conference of State Legislators, ballot measure database, accessed January 3, 2014
- Note: This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.
State of Arizona
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