Nebraska Early Childhood Education Endowment Fund, Constitutional Amendment 5 (2006)

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Nebraska Constitution
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Preamble
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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.

Election results

Amendment 5 (Early Childhood Education Endowment Fund)
ResultVotesPercentage
Approveda Yes 291,454 47.7%
No243,98840.0%

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.[1]

Ballot wording

It was sponsored by state senator Kermit Brashear[2], 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[3]. 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.

Campaign finance

Donors to the campaign for the measure:[4]

  • Families for Amendment 5: $441,686
  • Total: $441,686

See also

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External links

References