Difference between revisions of "Missouri Payday Loan Initiative (2012)"

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{{tnr}}The '''Missouri Payday Loan Initiative''' may appear on the [[Missouri 2012 ballot measures|November 2012 ballot]] in the state of [[Missouri]] as an {{issfull}}.
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{{nomo2012}}The '''Missouri Payday Loan Initiative''' did not make the [[Missouri 2012 ballot measures|November 2012 ballot]] in the state of [[Missouri]] as an {{issfull}}.
  
The proposed measure is sponsored by a group called Missourian's for Responsible Living.<ref>[http://ozarksfirst.com/fulltext?nxd_id=503917 ''OzarksFirst.com'',"Ballot Initiative Could Cap Payday Loan Rates at 36 Percent," August 11, 2011]</ref>
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The proposed measure was sponsored by a group called Missourian's for Responsible Living.<ref>[http://ozarksfirst.com/fulltext?nxd_id=503917 ''OzarksFirst.com'',"Ballot Initiative Could Cap Payday Loan Rates at 36 Percent," August 11, 2011]</ref>
 +
 
 +
A total of 3 initiative petitions were approved for petition circulation.<ref name="SOSFeb1">[http://www.sos.mo.gov/news.asp?id=1045 ''Missouri Secretary of State'',"Two Initiative Petitions Approved for Circulation for 2012 Ballot," February 1, 2012]</ref>
  
 
==Text of measure==
 
==Text of measure==
The ballot title for the petition relating to initiative reform reads:<ref name="SOSAug9"/>
+
The ballot title for the petition read:<ref name="SOSFeb1"/>
 
   
 
   
<blockquote>Shall Missouri law be amended to limit the annual rate of interest, fees, and finance charges for payday, title, installment, and consumer credit loans and prohibit such lenders from using other transactions to avoid the rate limit?
+
<blockquote>Shall Missouri law be amended to limit the annual rate of interest, fees, and finance charges for payday, title, installment, and consumer credit loans, unless the parties agree otherwise in writing, and prohibit such lenders from using other transactions to avoid the rate limit?
 
<BR><BR>
 
<BR><BR>
     State governmental entities could have annual lost revenue estimated at $2.5 to $3.5 million that could be partially offset by expenditure reductions for monitoring industry compliance. Local governmental entities could have unknown total lost revenue related to business license or other business operating fees if the proposal results in business closures.</blockquote>
+
     The proposal is estimated to result in no direct costs or savings to state and local governmental entities.</blockquote>
  
 
==Background==
 
==Background==
Payday loans are generally a low, single payment loan that customers repay when their next paycheck is received. According to reports, loan amounts usually range from $100-$500.<ref name="DispatchAug10">[http://www.stltoday.com/news/local/govt-and-politics/political-fix/article_0f405bfa-c350-11e0-a41d-0019bb30f31a.html ''St. Louis Post-Dispatch'',"Payday loan initiative petition moves forward," August 10, 2011]</ref>
+
Payday loans were generally a low, single payment loan that customers repaid when their next paycheck was received. According to reports, loan amounts usually ranged from $100-$500.<ref name="DispatchAug10">[http://www.stltoday.com/news/local/govt-and-politics/political-fix/article_0f405bfa-c350-11e0-a41d-0019bb30f31a.html ''St. Louis Post-Dispatch'',"Payday loan initiative petition moves forward," August 10, 2011]</ref>
  
The Missouri Division of Finance reports that in 2010 there were an estimated 1,040 payday loan stores and 2.43 million payday loans in the state of Missouri.<ref name="DispatchAug10"/>
+
The Missouri Division of Finance reported that in 2010 there were an estimated 1,040 payday loan stores and 2.43 million payday loans in the state of Missouri.<ref name="DispatchAug10"/>
  
 
A 2007 study by the state division found that of 3,700 borrowers, the average age was 43 and the average income was about $24,000.<ref name="DispatchAug10"/>
 
A 2007 study by the state division found that of 3,700 borrowers, the average age was 43 and the average income was about $24,000.<ref name="DispatchAug10"/>
 +
 +
==Support==
 +
The measure was supported by religious groups and civic organizations according to news reports. The PAC in support of the measure was called Missourians for Responsible Lending. According to news reports, the PAC raised $50,000 and spent $10,000.<ref name="SPDNov252011">[http://www.stltoday.com/news/local/govt-and-politics/battle-looming-over-missouri-payday-loan-restrictions/article_e4db6fa6-c220-5837-805f-609d92212cd5.html ''The Seattle Post-Dispatch'',"Battle looming over Missouri payday loan restrictions," November 25, 2011]</ref>
 +
 +
===Tactics and strategies===
 +
On [[BC2012#January|January 28, 2012]] '''Missourians for Responsible Lending''' and '''Give Missourians A Raise''', a group circulating petitions for a [[Missouri Minimum Wage Initiative (2012)|2012 initiative to increase the state's minimum wage]], kicked off the two initiative petition campaigns at a joint event at the Boone County Commission Chambers.<ref>[http://www.stltoday.com/news/state-and-regional/missouri/mo-groups-focus-on-payday-loans-minimum-wage/article_e16d932b-85a2-52de-9256-e5560efa6692.html ''Associated Press'',"Mo. groups focus on payday loans, minimum wage," January 29, 2012]</ref>
 +
 +
==Opposition==
 +
 +
* The measure was opposed by a Kansas City nonprofit called Missourians for Responsible Government. According to news reports, the group has contributed $600,000 to a committee in opposition of the measure.<ref name="SPDNov252011"/>
 +
 +
* [http://equalcreditmo.org/ Missourians for Equal Credit Opportunity] was also against the initiative.
 +
 +
* [http://standupmissouri.org/ Stand Up Missouri], a nonpartisan coalition which represented consumers, businesses, civic groups, and faith-based organizations, launched a campaign effort in opposition of the proposed initiative on [[BC2011#December|December 7, 2011]]. "Missourians are being asked to sign a petition for a ballot initiative that would cap lending rates. While the initiative is being reported as an effort to protect consumers from payday loans, it would actually restrict access to all small loans, including beneficial traditional consumer installment loans. These traditional loans help individuals and families get access to safe and transparent credit in a way that enables them to preserve their financial security," said Tom Hudgins, CEO and Chairman of Stand Up Missouri.<ref>[http://www.prnewswire.com/news-releases/stand-up-missouri-coalition-launches-to-rally-against-state-payday-loan-ballot-initiative-135168023.html ''Stand Up Missouri'',"Stand Up Missouri Coalition Launches to Rally Against State Payday Loan Ballot Initiative," December 7, 2011]</ref>
 +
 +
* [[Missouri Governor]] [[Jay Nixon]] opposed the initiative, stating: "The bottom line is I don't support raising taxes on groceries and other critical things that families need. Making families pay more for bread and milk doesn't seem like a solid step forward for our economy.”<ref name=oppsides> [http://www.kansascity.com/2012/02/09/3420093/supporters-of-missouri-sales-tax.html ''Kansas City.com'', "Supporters of Missouri sales tax plan committed to November vote," February 9, 2012]</ref>
 +
 +
==Lawsuits==
 +
:: ''See also:[[List of ballot measure lawsuits in 2012]] and [[2012 ballot measure litigation]]''
 +
{{2012lawsuits}}
 +
===''John Prentzler v. Missouri Secretary of State, et al.''===
 +
<onlyinclude>{{#ifeq:{{{transcludesection|Prentzlerpage}}}|Prentzlerpage|
 +
A lawsuit was filed on [[BC2011#August|August 18, 2011]] in {{JP|Missouri 19th Judicial Circuit Court|Cole County Circuit Court}}. The lawsuit argued that the ballot summary was "inadequate and unfair." Additionally, the suit noted that the cost estimate did not address all possible costs.<ref>[http://www.stltoday.com/news/state-and-regional/missouri/article_f24760cf-2950-5680-9835-f8c69701d5e2.html ''Associated Press'',"Legal challenge filed over Mo. ballot measure," August 21, 2011]</ref>
 +
 +
The plaintiff was John Prentzler, director of auto operations at AutoStart USA. Prentzler was represented by Kansas City attorney Todd Graves and Jefferson City attorney Chuck Hatfield.<ref name=TribAug1911/>
 +
 +
Specifically, the lawsuit highlighted that the lengthier [[fiscal impact statement|fiscal note]] attached to the measure outlined a gloomier economic impact than what was outlined in the ballot language. State estimates said that the measure could have cost the state between $2.5 - $3.5 million, however, plaintiffs pointed to a report by a University of Missouri economics professor and former director of the Show-Me Institute that argued that the impact could have been approximately $57 million in the first year had the measure been approved.<ref name=TribAug1911>[http://www.columbiatribune.com/news/2011/aug/19/payday-loan-initiative-faces-challenge/ ''Columbia Daily Tribune'',"Payday loan initiative faces challenge," August 19, 2011]</ref>
 +
 +
A second lawsuit was filed on [[BC2011#August|August 19, 2011]] in {{JP|Missouri 19th Judicial Circuit Court|Cole County Circuit Court}}. Contrary to the lawsuit filed by critics of the measure, the second lawsuit was filed by proponents. They argued that the [[fiscal impact statement|fiscal note]] ignored testimony by state and local agencies that found that the proposed measure would have had no cost on their budgets. Additionally, the suit noted that the [[fiscal impact statement|fiscal note]] relied on the expertise of a someone who has testified against the regulations in the past.<ref>[http://www.stltoday.com/news/local/govt-and-politics/political-fix/article_1898f5ca-ccd5-11e0-bc25-0019bb30f31a.html ''St. Louis Post-Dispatch'',"Two lawsuits filed over Missouri payday loan ballot measure," August 22, 2011]</ref>
 +
 +
On [[BC2012#April|April 5, 2012]] [[Judgepedia:Dan Green|Judge Dan Green]] ruled that the ballot summary and financial estimate for the initiative were "inadequate" and "unfair" and "likely to deceive petition signers." Specifically, Green noted that the summary, prepared by the [[Missouri Secretary of State]]'s office, should have include that the measure would limit annualized interest rates to 36 percent on short-term loans. Additionally, the [[fiscal impact statement|fiscal note]], Green said, underestimated the potential loss of tax revenues. The [[fiscal impact statement|fiscal note]] was prepared by the [[Missouri Auditor]]'s office.<ref name="MOApril52012">[http://www.kmov.com/news/local/Missour-judge-strikes-down-payday-loan-initiative-146344275.html ''Associated Press'',"Missouri judge strikes down payday loan initiative," April 5, 2012]</ref>
 +
 +
In response to the ruling, supporters said that they planned to continue collecting petition signatures.<ref name="MOApril52012"/>
 +
 +
The [[Missouri Secretary of State]] stated a plan to appeal the ruling.<ref> [http://www.loansafe.org/missouris-appeal-aims-to-preserve-initiative-to-cap-payday-loan-interest ''Loan Safe'', "Missouri’s Appeal Aims to Preserve Initiative to Cap Payday Loan Interest," April 12, 2012]</ref>
 +
 +
However, after both lawsuits were filed, it was found in [[BC2012#August|August 2012]] that the initiative effort had not collected enough signatures to even be considered for the ballot.<ref> [http://www.columbiamissourian.com/stories/2012/08/07/2-missouri-initiatives-qualify-november-ballot/ ''Columbia Missourian'', "Missouri cigarette tax, police initiatives qualify for November ballot," August 7, 2012]</ref>
 +
}}</onlyinclude>
 +
 +
===''Post-disqualification lawsuit''===
 +
<onlyinclude>{{#ifeq:{{{transcludesection|POSTpage}}}|POSTpage|
 +
Groups in support of both the [[Missouri Payday Loan Initiative (2012)|Payday Loan Initiative]] and the [[Missouri Minimum Wage Initiative (2012)|Minimum Wage Initiative]] filed lawsuits in Cole County claiming that a number of valid petition signatures were not counted following the disqualification of petitions. The lawsuits followed the state's findings that the petitions for the measures contained an insufficient number of valid names.<ref>[http://www.kait8.com/story/19308709/lawsuits-filed-over-2-missouri-ballot-measures ''Associated Press'' "Lawsuits filed over 2 Missouri ballot measures," August 17, 2012]</ref>
 +
}}</onlyinclude>
  
 
==Path to the ballot==
 
==Path to the ballot==
 
:: ''See also: [[Missouri signature requirements]]''
 
:: ''See also: [[Missouri signature requirements]]''
  
To qualify for the ballot, the initiative requires signatures from registered voters equal to 5% of the total votes cast in the 2008 governor's election from six of the state's nine congressional districts. Signatures on behalf of all initiative petitions for the 2012 ballot are due to the secretary of state’s office by no later than 5 p.m. on May 6, 2012.  
+
To qualify for the ballot, the initiative required signatures from registered voters equal to 5% of the total votes cast in the 2008 governor's election from six of the state's nine congressional districts. Signatures on behalf of all initiative petitions for the 2012 ballot were due to the secretary of state’s office by no later than 5 p.m. on May 6, 2012.
 +
 
 +
A total of 3 initiatives were certified for petition circulation by the [[Missouri Secretary of State]]. One initiative was certified on  [[BC2011#August|August 9, 2011]] and two were certified on [[BC2012#February|February 1, 2012]].<ref name="SOSAug9">[http://www.sos.mo.gov/news.asp?id=1012 ''Missouri Secretary of State'',"Initiative Petition Relating to Payday, Title, Installment, and Consumer Credit Loans Approved for Circulation for 2012 Ballot," August 9, 2011]</ref><ref name="SOSFeb1"/>
 +
 
 +
In all, signatures were submitted for three proposals days before the deadline, including one out of the three payday loan measures. Signatures were reviewed by the secretary of state.<ref> [http://news.yahoo.com/petitions-submitted-mo-tobacco-tax-increase-200340127--finance.html ''Yahoo News'', "Petitions submitted for Mo. tobacco tax increase," May 4, 2012]</ref><ref> [http://www.columbiatribune.com/news/2012/may/02/initiative-organizers-optimistic-issues-will-get/ ''Columbia Tribune'', "Initiative organizers optimistic issues will get on ballot," May 2, 2012]</ref>
 +
===Initiative process questioned===
 +
Legal challenges lead to bigger implications surrounding the state initiative process. On [[BC2012#February|February 28]], Cole County Circuit Court Judge Jon Beetum struck down a law that directed the state auditor to prepare [[Laws governing the initiative process in Missouri#Fiscal review|fiscal analysis for proposed ballot initiatives.]]<ref> [http://midwestdemocracy.com/articles/missouri-auditor-halts-financial-estimates-for-ballot-initiatives/ ''Midwest Democracy'', "Missouri auditor halts financial estimates for ballot initiatives," April 23, 2012]</ref>
 +
 
 +
According to reports, Beetem stated that the law was in violation of the [[Missouri Constitution]]. Specifically, the ruling stated that the 1997 statute conflicts with a constitutional provision that prohibits laws mandating the state auditor to perform duties unrelated to overseeing the spending and receiving of public money.
 +
 
 +
What was originally a challenge to a [[Missouri Tobacco Tax Initiative (2012)|tobacco tax initiative]] has now grown into a statewide confusion of the initiative process. Events in the state took another twist leading up to the week of [[BC2012#April|April 23, 2012]] when [[Missouri Auditor]] [[Tom Schweich]] told his staff via e-mail to cease preparation of financial estimates of initiatives, directly because of the court ruling.
 +
 
 +
Ballot initiatives must have the official financial summary included with submitted petition signatures.
 +
 
 +
Although that ruling was overturned by a [http://www.libertytribune.com/news/election_news/article_50668beb-5598-5fd0-9553-f6f964c6f39b.html Missouri Supreme Court ruling], the measure did not have enough signatures to be placed on the ballot.
  
The measure was certified on [[BC2011#August|August 9, 2011]].<ref name="SOSAug9">[http://www.sos.mo.gov/news.asp?id=1012 ''Missouri Secretary of State'',"Initiative Petition Relating to Payday, Title, Installment, and Consumer Credit Loans Approved for Circulation for 2012 Ballot," August 9, 2011]</ref>
 
  
 
==See also==
 
==See also==
Line 28: Line 86:
 
* [[2012 ballot measures]]
 
* [[2012 ballot measures]]
 
* [[Missouri 2012 ballot measures]]
 
* [[Missouri 2012 ballot measures]]
 +
===Articles===
 +
* [[Missouri payday loan initiative is clear for petition circulation]]
 +
 +
==External links==
 +
* Filed initiatives:
 +
** [http://www.sos.mo.gov/elections/2012petitions/12init_pet.asp#2012066 Statutory Amendment to RSMo Chapters 367 and 408, Relating to Payday, Title, Installment, and Consumer Credit Loans, version 3 2012-066]
 +
**[http://www.sos.mo.gov/elections/2012petitions/12init_pet.asp#2012120 Statutory Amendment to RSMo Chapters 367 and 408, Relating to Payday, Title, Installment, and Consumer Credit Loans 2012-120]
 +
** [http://www.sos.mo.gov/elections/2012petitions/12init_pet.asp#2012121 Statutory Amendment to RSMo Chapters 367 and 408, Relating to Payday, Title, Installment, and Consumer Credit Loans, version 2 2012-121]
  
 
==Additional reading==
 
==Additional reading==
 +
* [http://www.stltoday.com/lifestyles/faith-and-values/letters-warn-against-petitions-on-payday-loan-fee-issue/article_d7b08603-b0f4-5dda-a085-d66c4efb29ff.html ''St. Louis Post-Dispatch'',"Letters warn against petitions on payday loan fee issue," January 22, 2012]
 +
===Editorials===
 +
* [http://www.news-leader.com/article/20120114/OPINIONS02/301140014/1004/life/?odyssey=nav|head ''News-Leader'',"Payday loan petition not what public would think," January 13, 2012]
 
* [http://www.kansascity.com/2011/08/14/3076277/the-stars-editorial-scandalous.html ''The Kansas City Star'',"The Star’s editorial | Scandalous payday loan rates prompt petitions," August 14, 2011]
 
* [http://www.kansascity.com/2011/08/14/3076277/the-stars-editorial-scandalous.html ''The Kansas City Star'',"The Star’s editorial | Scandalous payday loan rates prompt petitions," August 14, 2011]
  
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{{2012 ballot measures}}
 
{{2012 ballot measures}}
 
{{Missouri}}
 
{{Missouri}}
[[Category:Missouri 2012 ballot measures]]
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[[Category:Did not make ballot, business regulation]]
[[Category:Business regulation, Missouri]]
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[[Category:Business regulation, 2012]]
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{{Missouri stub}}
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Revision as of 07:42, 20 March 2014

Not on Ballot
Proposed allot measures that were not on a ballot
This measure did not or
will not appear on a ballot

The Missouri Payday Loan Initiative did not make the November 2012 ballot in the state of Missouri as an initiated state statute.

The proposed measure was sponsored by a group called Missourian's for Responsible Living.[1]

A total of 3 initiative petitions were approved for petition circulation.[2]

Text of measure

The ballot title for the petition read:[2]

Shall Missouri law be amended to limit the annual rate of interest, fees, and finance charges for payday, title, installment, and consumer credit loans, unless the parties agree otherwise in writing, and prohibit such lenders from using other transactions to avoid the rate limit?



The proposal is estimated to result in no direct costs or savings to state and local governmental entities.

Background

Payday loans were generally a low, single payment loan that customers repaid when their next paycheck was received. According to reports, loan amounts usually ranged from $100-$500.[3]

The Missouri Division of Finance reported that in 2010 there were an estimated 1,040 payday loan stores and 2.43 million payday loans in the state of Missouri.[3]

A 2007 study by the state division found that of 3,700 borrowers, the average age was 43 and the average income was about $24,000.[3]

Support

The measure was supported by religious groups and civic organizations according to news reports. The PAC in support of the measure was called Missourians for Responsible Lending. According to news reports, the PAC raised $50,000 and spent $10,000.[4]

Tactics and strategies

On January 28, 2012 Missourians for Responsible Lending and Give Missourians A Raise, a group circulating petitions for a 2012 initiative to increase the state's minimum wage, kicked off the two initiative petition campaigns at a joint event at the Boone County Commission Chambers.[5]

Opposition

  • The measure was opposed by a Kansas City nonprofit called Missourians for Responsible Government. According to news reports, the group has contributed $600,000 to a committee in opposition of the measure.[4]
  • Stand Up Missouri, a nonpartisan coalition which represented consumers, businesses, civic groups, and faith-based organizations, launched a campaign effort in opposition of the proposed initiative on December 7, 2011. "Missourians are being asked to sign a petition for a ballot initiative that would cap lending rates. While the initiative is being reported as an effort to protect consumers from payday loans, it would actually restrict access to all small loans, including beneficial traditional consumer installment loans. These traditional loans help individuals and families get access to safe and transparent credit in a way that enables them to preserve their financial security," said Tom Hudgins, CEO and Chairman of Stand Up Missouri.[6]
  • Missouri Governor Jay Nixon opposed the initiative, stating: "The bottom line is I don't support raising taxes on groceries and other critical things that families need. Making families pay more for bread and milk doesn't seem like a solid step forward for our economy.”[7]

Lawsuits

See also:List of ballot measure lawsuits in 2012 and 2012 ballot measure litigation
2012 measure lawsuits
Lawsuits.png
By state
ArizonaArkansasColoradoFloridaMaryland
MichiganMassachusettsMinnesota
MissouriMontanaNevada
North DakotaOhioOklahoma
OregonRhode Island
By lawsuit type
Ballot text
Campaign contributions
Constitutionality
Motivation of sponsors
Petitioner residency
Post-certification removal
Single-subject rule
Signature challenges
Initiative process

John Prentzler v. Missouri Secretary of State, et al.

A lawsuit was filed on August 18, 2011 in Cole County Circuit Court. The lawsuit argued that the ballot summary was "inadequate and unfair." Additionally, the suit noted that the cost estimate did not address all possible costs.[8]

The plaintiff was John Prentzler, director of auto operations at AutoStart USA. Prentzler was represented by Kansas City attorney Todd Graves and Jefferson City attorney Chuck Hatfield.[9]

Specifically, the lawsuit highlighted that the lengthier fiscal note attached to the measure outlined a gloomier economic impact than what was outlined in the ballot language. State estimates said that the measure could have cost the state between $2.5 - $3.5 million, however, plaintiffs pointed to a report by a University of Missouri economics professor and former director of the Show-Me Institute that argued that the impact could have been approximately $57 million in the first year had the measure been approved.[9]

A second lawsuit was filed on August 19, 2011 in Cole County Circuit Court. Contrary to the lawsuit filed by critics of the measure, the second lawsuit was filed by proponents. They argued that the fiscal note ignored testimony by state and local agencies that found that the proposed measure would have had no cost on their budgets. Additionally, the suit noted that the fiscal note relied on the expertise of a someone who has testified against the regulations in the past.[10]

On April 5, 2012 Judge Dan Green ruled that the ballot summary and financial estimate for the initiative were "inadequate" and "unfair" and "likely to deceive petition signers." Specifically, Green noted that the summary, prepared by the Missouri Secretary of State's office, should have include that the measure would limit annualized interest rates to 36 percent on short-term loans. Additionally, the fiscal note, Green said, underestimated the potential loss of tax revenues. The fiscal note was prepared by the Missouri Auditor's office.[11]

In response to the ruling, supporters said that they planned to continue collecting petition signatures.[11]

The Missouri Secretary of State stated a plan to appeal the ruling.[12]

However, after both lawsuits were filed, it was found in August 2012 that the initiative effort had not collected enough signatures to even be considered for the ballot.[13]

Post-disqualification lawsuit

Groups in support of both the Payday Loan Initiative and the Minimum Wage Initiative filed lawsuits in Cole County claiming that a number of valid petition signatures were not counted following the disqualification of petitions. The lawsuits followed the state's findings that the petitions for the measures contained an insufficient number of valid names.[14]

Path to the ballot

See also: Missouri signature requirements

To qualify for the ballot, the initiative required signatures from registered voters equal to 5% of the total votes cast in the 2008 governor's election from six of the state's nine congressional districts. Signatures on behalf of all initiative petitions for the 2012 ballot were due to the secretary of state’s office by no later than 5 p.m. on May 6, 2012.

A total of 3 initiatives were certified for petition circulation by the Missouri Secretary of State. One initiative was certified on August 9, 2011 and two were certified on February 1, 2012.[15][2]

In all, signatures were submitted for three proposals days before the deadline, including one out of the three payday loan measures. Signatures were reviewed by the secretary of state.[16][17]

Initiative process questioned

Legal challenges lead to bigger implications surrounding the state initiative process. On February 28, Cole County Circuit Court Judge Jon Beetum struck down a law that directed the state auditor to prepare fiscal analysis for proposed ballot initiatives.[18]

According to reports, Beetem stated that the law was in violation of the Missouri Constitution. Specifically, the ruling stated that the 1997 statute conflicts with a constitutional provision that prohibits laws mandating the state auditor to perform duties unrelated to overseeing the spending and receiving of public money.

What was originally a challenge to a tobacco tax initiative has now grown into a statewide confusion of the initiative process. Events in the state took another twist leading up to the week of April 23, 2012 when Missouri Auditor Tom Schweich told his staff via e-mail to cease preparation of financial estimates of initiatives, directly because of the court ruling.

Ballot initiatives must have the official financial summary included with submitted petition signatures.

Although that ruling was overturned by a Missouri Supreme Court ruling, the measure did not have enough signatures to be placed on the ballot.


See also

BallotpediaAvatar bigger.png
Suggest a link

Articles

External links

Additional reading

Editorials

References

  1. OzarksFirst.com,"Ballot Initiative Could Cap Payday Loan Rates at 36 Percent," August 11, 2011
  2. 2.0 2.1 2.2 Missouri Secretary of State,"Two Initiative Petitions Approved for Circulation for 2012 Ballot," February 1, 2012
  3. 3.0 3.1 3.2 St. Louis Post-Dispatch,"Payday loan initiative petition moves forward," August 10, 2011
  4. 4.0 4.1 The Seattle Post-Dispatch,"Battle looming over Missouri payday loan restrictions," November 25, 2011
  5. Associated Press,"Mo. groups focus on payday loans, minimum wage," January 29, 2012
  6. Stand Up Missouri,"Stand Up Missouri Coalition Launches to Rally Against State Payday Loan Ballot Initiative," December 7, 2011
  7. Kansas City.com, "Supporters of Missouri sales tax plan committed to November vote," February 9, 2012
  8. Associated Press,"Legal challenge filed over Mo. ballot measure," August 21, 2011
  9. 9.0 9.1 Columbia Daily Tribune,"Payday loan initiative faces challenge," August 19, 2011
  10. St. Louis Post-Dispatch,"Two lawsuits filed over Missouri payday loan ballot measure," August 22, 2011
  11. 11.0 11.1 Associated Press,"Missouri judge strikes down payday loan initiative," April 5, 2012
  12. Loan Safe, "Missouri’s Appeal Aims to Preserve Initiative to Cap Payday Loan Interest," April 12, 2012
  13. Columbia Missourian, "Missouri cigarette tax, police initiatives qualify for November ballot," August 7, 2012
  14. Associated Press "Lawsuits filed over 2 Missouri ballot measures," August 17, 2012
  15. Missouri Secretary of State,"Initiative Petition Relating to Payday, Title, Installment, and Consumer Credit Loans Approved for Circulation for 2012 Ballot," August 9, 2011
  16. Yahoo News, "Petitions submitted for Mo. tobacco tax increase," May 4, 2012
  17. Columbia Tribune, "Initiative organizers optimistic issues will get on ballot," May 2, 2012
  18. Midwest Democracy, "Missouri auditor halts financial estimates for ballot initiatives," April 23, 2012