The Missouri Rainy Day Fund Amendment, also known as Amendment 7, was a legislatively-referred constitutional amendment on the November 3, 1996 ballot in Missouri, where it was defeated.
| Amendment 7 (Rainy Day Fund)|
|Yes|| 931,705|| 49.3%|
Official results via: 1997-1998 Official Manual State of Missouri ("Blue Book") (p.589)
Text of measure
The language that appeared on the ballot:
- 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.