Nebraska Early Childhood Education Endowment Fund, Constitutional Amendment 5 (2006)
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Nebraska Early Childhood Education Endowment Fund Amendment, also known as Amendment 5, was a legislatively-referred constitutional amendment on the November 7, 2006 general election ballot in Nebraska, where it was approved.
|Amendment 5 (Early Childhood Education Endowment Fund)|
Official results via: Nebraska Blue Book 2008-09 (p.264)
Text of measure
The language that appeared on the ballot:
- A vote FOR this amendment will permit use of perpetual school funds for early childhood educational purposes through public schools, will create an early childhood education endowment fund and allocate $40,000,000 of perpetual school funds to the endowment fund, subject to reversion to the common schools if the annual income from $20,000,000 of private funds is not irrevocably committed to the endowment fund, and will define early childhood education for purposes of Article VII of the Constitution of Nebraska.
- A vote AGAINST this amendment will not change the use of the perpetual school funds, will not create an early childhood education endowment fund, and will not define early childhood education.
- A constitutional amendment to permit use of funds dedicated to the common schools for early childhood educational purposes.
It was sponsored by state senator Kermit Brashear, speaker of the Nebraska Legislature in 2005 and 2006, to amend Article VIII, sections 7-9. It was intended to reassign $40 million of Nebraska's perpetual fund for schools to the creation of an early childhood education endowment fund.
Objectives of the initiative
This amendment put $40 million of public money from the perpetual fund for schools in a new early childhood education endowment fund. The result of this transfer is that the annual interest from this $40 million, which had previously been going to K-12 education, would be used to make grants to schools, community-based teaching organizations, etc., to establish early childhood education programs for children from birth through kindergarten age. Nebraska's Legislative Fiscal Analyst estimates an annual loss of $1.8 million to K-12 funding from this amendment (the interest from the $40 million). To maintain the same level and quality of K-12 education, the state would then need to raise taxes enough to increase annual tax revenue by $1.8 million.
Donors to the campaign for the measure:
- Families for Amendment 5: $441,686
- Total: $441,686
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