Missouri Rainy Day Fund, Amendment 7 (1996)

From Ballotpedia
Jump to: navigation, search
Voting on
State and Local
Government Budgets
Spending & Finance
State finance.jpg
Policy
Budget policy
Ballot Measures
By state
By year
Not on ballot
Missouri Constitution
Flag of Missouri.png
Preamble
Articles
IIIIIIIVVVIVIIVIIIIXXXIXIIXIII

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)
ResultVotesPercentage
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]

See also

BP-Initials-UPDATED.png
Suggest a link

External links

References