The New York State Spending Amendment
did not make the November 5, 2013 general election ballot
in the state of New York
as an initiated constitutional amendment
. The measure would have imposed a state spending cap of 2 percent a year or 120 percent of the Consumer Price Index, whichever is lower. The cap, however could be overturned in the event of a fiscal emergency declared by the governor
and certified by the comptroller
In the case of a surplus, part of the additional funds would go towards the reserve fund and the rest would be returned to the taxpayers.
The measure was sponsored by Sen. Michael Ranzenhofer.
Path to the ballot
- See also: Amending the New York Constitution
According to the New York Constitution, a majority vote is required in two successive sessions of the New York State Legislature in order to qualify a measure for the statewide ballot.
The proposed measure passed in the New York State Senate following a vote of 41-19 on January 19, 2011.
The measure was not passed by the legislature in a successive session.
- ↑ Associated Press, "NY Senate advances spending cap, tax measure," January 19, 2011
- ↑ Times Union, "Tax-cut bills pass in Senate," January 20, 2011
- ↑ The Business Review, "NY Senate passes tax-cutting measures," January 20, 2011