Missouri Rainy Day Fund, Amendment 7 (1996)

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The Missouri Rainy Day Fund Amendment, also known as Amendment 7, was on the November 5, 1996 ballot in Missouri as a legislatively-referred constitutional amendment, where it was defeated. The measure would have created a Budget Stabilization or "rainy day" fund in the state treasury to provide an operating reserve for years when revenue projections are below expectations.[1][2]

Election results

Missouri Amendment 7 (1996)
Defeatedd No958,17350.70%
Yes 931,705 49.30%

Election results via: University of Missouri Institute for Public Policy

Text of measure

The question on the ballot appeared as:[2]

Shall a "Budget Stabilization Fund," also known as the "rainy day fund" be created in the state treasury to provide an operating reserve in years where revenue projects are below expectations? This proposal would not directly affect any state or local taxes. State funds could be redistributed. [3]

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