Read the State Legislative Tracker. New edition available now!

Difference between revisions of "Arizona Permanent Funds Amendment, Proposition 118 (2012)"

From Ballotpedia
Jump to: navigation, search
m (Text replace - "[mailto:aortiz@ballotpedia.org Al Ortiz]" to "Al Ortiz")
 
(14 intermediate revisions by 5 users not shown)
Line 7: Line 7:
 
  referred  = [[Arizona State Legislature]]|
 
  referred  = [[Arizona State Legislature]]|
 
  topic = [[:Category:State and local government budgets, spending and finance|State and local government budgets, spending and finance]]|
 
  topic = [[:Category:State and local government budgets, spending and finance|State and local government budgets, spending and finance]]|
  status = On the ballot|
+
  status = {{approved}} |
}}{{tnr}}The '''Arizona Permanent Amendment''', also known as '''Proposition 118''', will be on the [[Arizona 2012 ballot measures|November 6, 2012 general election]] ballot in the state of [[Arizona]] as a {{lrcafull}}. The measure would mandate that the annual distribution from the Permanent Fund be 2.5 percent of the average monthly market values of the fund for the immediately preceding five calendar years. This would take effect from fiscal year 2013 to fiscal year 2021. The formal title of the measure is [http://www.azleg.gov/DocumentsForBill.asp?Bill_Number=HCR2056&Session_Id=107 House Concurrent Resolution 2056.]<ref> [http://www.azleg.gov//FormatDocument.asp?inDoc=/legtext/50leg/2r/bills/hcr2056p.htm&Session_ID=107 ''Arizona Legislature'', "HCR 2056", Retrieved May 14, 2012]</ref>
+
}}{{tnr}}The '''Arizona Permanent Amendment''', also known as '''Proposition 118''', was on the [[Arizona 2012 ballot measures|November 6, 2012 general election]] ballot in the state of [[Arizona]] as a {{lrcafull}}, where it was '''approved'''. The measure mandated that the annual distribution from the Permanent Fund be 2.5 percent of the average monthly market values of the fund for the immediately preceding five calendar years. This was to take effect from fiscal year 2013 to fiscal year 2021. The formal title of the measure was [http://www.azleg.gov/DocumentsForBill.asp?Bill_Number=HCR2056&Session_Id=107 House Concurrent Resolution 2056.]<ref> [http://www.azleg.gov//FormatDocument.asp?inDoc=/legtext/50leg/2r/bills/hcr2056p.htm&Session_ID=107 ''Arizona Legislature'', "HCR 2056," accessed May 14, 2012]</ref>
 
==Election results==
 
==Election results==
 
:: ''See also: [[2012 ballot measure election results]]''
 
:: ''See also: [[2012 ballot measure election results]]''
''LIVE election results will be posted when polls close on November 6, 2012 and when numbers start to roll in.''
+
The following are '''official''' election results:
 
+
 
{{Short outcome
 
{{Short outcome
 
| title = Arizona Proposition 118
 
| title = Arizona Proposition 118
| yes =  
+
| yes = 950,938
| yespct =  
+
| yespct = 50.52
| no =  
+
| no = 931,238
| nopct =  
+
| nopct = 49.48
| image = {{unresolved}}
+
| image = {{approved}}
 
| unresolved =  
 
| unresolved =  
 
}}
 
}}
[[Category:Unresolved, general, 2012]]
+
[[Category:Approved, general, 2012]]
 +
 
 +
Results via the [http://www.azsos.gov/election/2012/General/Canvass2012GE.pdf Arizona Secretary of State].
  
 
==Text of the measure==
 
==Text of the measure==
 
===Summary===
 
===Summary===
The summary of the measure reads as follows:<ref> [http://www.azsos.gov/election/2012/General/ballotmeasures.htm ''Arizona Secretary of State'', "Ballot Measures", September 17, 2012]</ref>
+
The summary of the measure read as follows:<ref> [http://www.azsos.gov/election/2012/General/ballotmeasures.htm ''Arizona Secretary of State'', "Ballot Measures," September 17, 2012]</ref>
  
 
{{quote|A Concurrent Resolution proposing an amendment to the [[Arizona Constitution|Constitution of Arizona]]; Amending Article X, Section 7, Constitution of Arizona; Relating to the establishment of permanent funds.}}
 
{{quote|A Concurrent Resolution proposing an amendment to the [[Arizona Constitution|Constitution of Arizona]]; Amending Article X, Section 7, Constitution of Arizona; Relating to the establishment of permanent funds.}}
 
==Support==
 
==Support==
* [[Arizona State Senate|State Senator]] [[Steve Smith]] stated, "Prop. 118 allows us to simplify the formula for education funding ensuring that money will be distributed to support K-12 education each year from Arizona ’s Permanent Land Endowment Trust Fund. Best of all, it accomplishes this with NO new taxes and NO additional general fund spending."<ref> [http://www.inmaricopa.com/Article/2012/10/15/sen-steve-smith-ballott-prosition-recommendations-state-house-district-11 ''In Maricopa'', "Steve Smith: Ballot proposition recommendations", October 15, 2012]</ref>
+
* [[Arizona State Senate|State Senator]] [[Steve Smith]] stated, "Prop. 118 allows us to simplify the formula for education funding ensuring that money will be distributed to support K-12 education each year from Arizona ’s Permanent Land Endowment Trust Fund. Best of all, it accomplishes this with NO new taxes and NO additional general fund spending."<ref> [http://www.inmaricopa.com/Article/2012/10/15/sen-steve-smith-ballott-prosition-recommendations-state-house-district-11 ''In Maricopa'', "Steve Smith: Ballot proposition recommendations," October 15, 2012]</ref>
  
The following is one of the arguments that were submitted to the Arizona Secretary of State for the state voter guide. More arguments can be read [http://www.azsos.gov/election/2012/Info/PubPamphlet/Sun_Sounds/english/prop118.htm#F here]:  
+
The following was one of the arguments that were submitted to the Arizona Secretary of State for the state voter guide. More arguments can be read [http://www.azsos.gov/election/2012/Info/PubPamphlet/Sun_Sounds/english/prop118.htm#F here]:  
  
 
* "I strongly support Prop 118. There is a special relationship between Arizona's education community, the State Treasurer's Office, and the State Land Department. Public education is by far the largest beneficiary of State Trust Land managed by the State Land Department. Revenues derived from the sale of State Trust Land, as well as the sale of natural products (such as sand, gravel, water and fuel wood), and royalties from mineral materials are deposited in the Permanent Land Endowment Trust Fund managed by the State Treasurer's Office. Today, the State Land Department manages 8.1 million acres of land on behalf of K-12 education, and the Permanent Land Endowment Trust fund is worth more than $3.5 billion. Earning money for Arizona's public schools is the primary mission of the Trust's management. In 2010 the State Land Department deposited $91.7 million in the Endowment. Because of the inadequacy of the current formula used to distribute earnings from the Endowment, K-12 education received no money in 2010. Prop 118 fixes that inadequate formula. Had the new formula been in place in 2010, public education would have received $48 million from the Permanent Land Endowment Trust Fund. Vote 'Yes' on Prop 118."
 
* "I strongly support Prop 118. There is a special relationship between Arizona's education community, the State Treasurer's Office, and the State Land Department. Public education is by far the largest beneficiary of State Trust Land managed by the State Land Department. Revenues derived from the sale of State Trust Land, as well as the sale of natural products (such as sand, gravel, water and fuel wood), and royalties from mineral materials are deposited in the Permanent Land Endowment Trust Fund managed by the State Treasurer's Office. Today, the State Land Department manages 8.1 million acres of land on behalf of K-12 education, and the Permanent Land Endowment Trust fund is worth more than $3.5 billion. Earning money for Arizona's public schools is the primary mission of the Trust's management. In 2010 the State Land Department deposited $91.7 million in the Endowment. Because of the inadequacy of the current formula used to distribute earnings from the Endowment, K-12 education received no money in 2010. Prop 118 fixes that inadequate formula. Had the new formula been in place in 2010, public education would have received $48 million from the Permanent Land Endowment Trust Fund. Vote 'Yes' on Prop 118."
Line 39: Line 40:
  
 
==Opposition==
 
==Opposition==
* ''No formal opposition has been identified yet. If you would like to submit information, please contact [mailto:aortiz@ballotpedia.org Al Ortiz], project manager for statewide ballot measures.''
+
* ''No formal opposition was identified. If you would like to submit information, please contact Al Ortiz, project manager for statewide ballot measures.''
 
* ''No arguments against the measure were submitted for the [http://www.azsos.gov/election/2012/Info/PubPamphlet/Sun_Sounds/english/prop118.htm#F state voter guide.]''
 
* ''No arguments against the measure were submitted for the [http://www.azsos.gov/election/2012/Info/PubPamphlet/Sun_Sounds/english/prop118.htm#F state voter guide.]''
 +
==Campaign contributions==
 +
===Support===
 +
The following are contributions made in support of the measure:<ref> [http://www.azsos.gov/cfs/BallotMeasureSummarySearch.aspx ''Arizona Secretary of State'', "Campaign Finance," accessed November 27, 2012]</ref>
 +
{|class="infobox" cellspacing="0" cellpadding="5" border="1"  style="background-color:#FBEC5D; color:black;" style="width:20%;"
 +
 +
|-
 +
| colspan="2" style="background-color:#FBEC5D; color:black;" align="center" | '''Total campaign cash''' [[File:Campaign Finance Ballotpedia.png|21px]]
 +
 +
|-
 +
| style="background-color:white; color:black;" | {{support}} '''Support:'''
 +
| align="right" | '''$17,673.75'''
 +
 +
|-
 +
| style="background-color:white; color: black;" | {{oppose}} '''Opposition:'''
 +
| align="right" | '''$0'''
 +
|}
 +
{{donor box}}
 +
|-
 +
| Expect More Arizona PAC -- Yes on 118 and 204, Yes on 118 || $17,673.75
 +
|}
 +
 +
===Opposition===
 +
 +
''No campaign contributions were made in opposition of the measure, according to state election websites.''<ref> [http://www.azsos.gov/cfs/BallotMeasureSummarySearch.aspx ''Arizona Secretary of State'', "Campaign Finance," accessed November 27, 2012]</ref>
  
 
==Path to the ballot==
 
==Path to the ballot==
Line 61: Line 86:
 
[[Category:Certified, state and local government budgets, spending and finance, 2012]]
 
[[Category:Certified, state and local government budgets, spending and finance, 2012]]
 
{{Certrefca2012}}
 
{{Certrefca2012}}
{{arizona stub}}
 

Latest revision as of 17:07, 5 May 2014

Proposition 118
Flag of Arizona.png
Click here for the latest news on U.S. ballot measures
Quick stats
Type:Constitutional amendment
Constitution:Arizona Constitution
Referred by:Arizona State Legislature
Topic:State and local government budgets, spending and finance
Status:Approveda
The Arizona Permanent Amendment, also known as Proposition 118, was on the November 6, 2012 general election ballot in the state of Arizona as a legislatively-referred constitutional amendment, where it was approved. The measure mandated that the annual distribution from the Permanent Fund be 2.5 percent of the average monthly market values of the fund for the immediately preceding five calendar years. This was to take effect from fiscal year 2013 to fiscal year 2021. The formal title of the measure was House Concurrent Resolution 2056.[1]

Election results

See also: 2012 ballot measure election results

The following are official election results:

Arizona Proposition 118
ResultVotesPercentage
Approveda Yes 950,938 50.52%
No931,23849.48%

Results via the Arizona Secretary of State.

Text of the measure

Summary

The summary of the measure read as follows:[2]

A Concurrent Resolution proposing an amendment to the Constitution of Arizona; Amending Article X, Section 7, Constitution of Arizona; Relating to the establishment of permanent funds.[3]

Support

  • State Senator Steve Smith stated, "Prop. 118 allows us to simplify the formula for education funding ensuring that money will be distributed to support K-12 education each year from Arizona ’s Permanent Land Endowment Trust Fund. Best of all, it accomplishes this with NO new taxes and NO additional general fund spending."[4]

The following was one of the arguments that were submitted to the Arizona Secretary of State for the state voter guide. More arguments can be read here:

  • "I strongly support Prop 118. There is a special relationship between Arizona's education community, the State Treasurer's Office, and the State Land Department. Public education is by far the largest beneficiary of State Trust Land managed by the State Land Department. Revenues derived from the sale of State Trust Land, as well as the sale of natural products (such as sand, gravel, water and fuel wood), and royalties from mineral materials are deposited in the Permanent Land Endowment Trust Fund managed by the State Treasurer's Office. Today, the State Land Department manages 8.1 million acres of land on behalf of K-12 education, and the Permanent Land Endowment Trust fund is worth more than $3.5 billion. Earning money for Arizona's public schools is the primary mission of the Trust's management. In 2010 the State Land Department deposited $91.7 million in the Endowment. Because of the inadequacy of the current formula used to distribute earnings from the Endowment, K-12 education received no money in 2010. Prop 118 fixes that inadequate formula. Had the new formula been in place in 2010, public education would have received $48 million from the Permanent Land Endowment Trust Fund. Vote 'Yes' on Prop 118."
Submitted by Maria Baier, Arizona State Land Commissioner.

Opposition

  • No formal opposition was identified. If you would like to submit information, please contact Al Ortiz, project manager for statewide ballot measures.
  • No arguments against the measure were submitted for the state voter guide.

Campaign contributions

Support

The following are contributions made in support of the measure:[5]

Total campaign cash Campaign Finance Ballotpedia.png
Category:Ballot measure endorsements Support: $17,673.75
Circle thumbs down.png Opposition: $0
Donor Amount
Expect More Arizona PAC -- Yes on 118 and 204, Yes on 118 $17,673.75

Opposition

No campaign contributions were made in opposition of the measure, according to state election websites.[6]

Path to the ballot

A majority vote is required in the Arizona State Legislature to send a constitutional amendment to the ballot. Arizona is one of ten states that allow a referred amendment to go on the ballot after a majority vote in one session of the state's legislature.

See also

External links

References