Difference between revisions of "Rainy Day Fund measures get voter backing on Election Day"

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'''ARLINGTON, [[Virginia]]:''' Voters in four states were asked to approve or deny questions involving reserve or "Rainy Day" funds on November 2, 2010.   
 
'''ARLINGTON, [[Virginia]]:''' Voters in four states were asked to approve or deny questions involving reserve or "Rainy Day" funds on November 2, 2010.   
  
In Virginia, voters barely passed [[Virginia Revenue Stabilization Fund Amendment, Question 3 (2010)|Question 3]].  The ballot question dealt with the state's Rainy Day Fund.  Voters were asked [http://www.ballotpedia.org/wiki/index.php/Virginia_Revenue_Stabilization_Fund_Amendment,_Question_3_%282010%29#Title if 15 percent instead of ten percent of the state's revenue must be kept in the Rainy Day Fund].  The Amendment passed 51.21 to 48.78 percent<ref>[https://www.voterinfo.sbe.virginia.gov/election/DATA/2010/EB24720D-F5C6-4880-8DC5-12AE4D0C3772/Unofficial/9_s.shtml ''Virginia State Board of Elections'' "Referendums", November 2, 2010]</ref>.
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In Virginia, voters barely passed [[Virginia Revenue Stabilization Fund Amendment, Question 3 (2010)|Question 3]].  The ballot question dealt with the state's Rainy Day Fund.  Voters were asked [http://www.ballotpedia.org/wiki/index.php/Virginia_Revenue_Stabilization_Fund_Amendment,_Question_3_%282010%29#Title if 15 percent instead of ten percent of the state's revenue must be kept in the Rainy Day Fund].  The Amendment passed 51.21 to 48.78 percent<ref>[https://www.voterinfo.sbe.virginia.gov/election/DATA/2010/EB24720D-F5C6-4880-8DC5-12AE4D0C3772/Unofficial/9_s.shtml ''Virginia State Board of Elections'' "Referendums," November 2, 2010]</ref>.
  
Oklahoma voters had [[Oklahoma Rainy Day Fund Amendment, State Question 757 (2010)|State Question 757]] on the ballot.  SQ 757 would have called for [http://www.ballotpedia.org/wiki/index.php/Oklahoma_Rainy_Day_Fund_Amendment,_State_Question_757_%282010%29#Ballot_title the state's rainy day fund to be increased from 10 percent to 15 percent].  The measure was closely contested as the state had a near-empty rainy day fund after almost using all of it to fix the state's budget problems<ref>[http://newsok.com/sq-757-would-buildup-rainy-day-fund/article/3498623 ''News OK'' "November election: Ballot issue would raise Rainy Day Fund caps", September 26, 2010]</ref>. The measure passed 51.02 to 48.98 percent<ref>[http://www.ok.gov/elections/support/10gen.html ''Oklahoma State Elections Board'' "2010 General Election Results", November 2, 2010]</ref>.
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Oklahoma voters had [[Oklahoma Rainy Day Fund Amendment, State Question 757 (2010)|State Question 757]] on the ballot.  SQ 757 would have called for [http://www.ballotpedia.org/wiki/index.php/Oklahoma_Rainy_Day_Fund_Amendment,_State_Question_757_%282010%29#Ballot_title the state's rainy day fund to be increased from 10 percent to 15 percent].  The measure was closely contested as the state had a near-empty rainy day fund after almost using all of it to fix the state's budget problems<ref>[http://newsok.com/sq-757-would-buildup-rainy-day-fund/article/3498623 ''News OK'' "November election: Ballot issue would raise Rainy Day Fund caps," September 26, 2010]</ref>. The measure passed 51.02 to 48.98 percent<ref>[http://www.ok.gov/elections/support/10gen.html ''Oklahoma State Elections Board'' "2010 General Election Results," November 2, 2010]</ref>.
  
 
South Carolina voters had overwhelming support to increase its Rainy Day Fund on Election Day.  [[South Carolina Rainy Day Fund Amendment, Amendment 3 (2010)|Amendment 3]] asked voters to approve increasing its Rainy Day Fund from three to five percent.  The difference between Amendment 3 and those in Oklahoma and Virginia was that [http://www.ballotpedia.org/wiki/index.php/South_Carolina_Rainy_Day_Fund_Amendment,_Amendment_3_%282010%29#Ballot_title increases to the fund would be done incrementally instead of one-time].  Amendment 3 passed 71 to 29 percent<ref>[http://www.postandcourier.com/politics/election/2010/results/ ''Post and Courier'' "South Carolina November 2010 election results, November 2, 2010]</ref>.
 
South Carolina voters had overwhelming support to increase its Rainy Day Fund on Election Day.  [[South Carolina Rainy Day Fund Amendment, Amendment 3 (2010)|Amendment 3]] asked voters to approve increasing its Rainy Day Fund from three to five percent.  The difference between Amendment 3 and those in Oklahoma and Virginia was that [http://www.ballotpedia.org/wiki/index.php/South_Carolina_Rainy_Day_Fund_Amendment,_Amendment_3_%282010%29#Ballot_title increases to the fund would be done incrementally instead of one-time].  Amendment 3 passed 71 to 29 percent<ref>[http://www.postandcourier.com/politics/election/2010/results/ ''Post and Courier'' "South Carolina November 2010 election results, November 2, 2010]</ref>.
  
In Hawaii, voters were asked to whether give the [[Hawaii Legislature|Legislature]] more power on money from tax rebates can be directed.  Question 2 would allow for Legislators to have the option to re-direct excess revenues into a Rainy Day Fund.  The measure passed 59.3 to 31.7 percent<ref>[http://hawaii.gov/elections/results/2010/general/files/histatewide.pdf ''Hawaii Office of Elections'' "Statewide Election Results", November 2, 2010]</ref>.
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In Hawaii, voters were asked to whether give the [[Hawaii Legislature|Legislature]] more power on money from tax rebates can be directed.  Question 2 would allow for Legislators to have the option to re-direct excess revenues into a Rainy Day Fund.  The measure passed 59.3 to 31.7 percent<ref>[http://hawaii.gov/elections/results/2010/general/files/histatewide.pdf ''Hawaii Office of Elections'' "Statewide Election Results," November 2, 2010]</ref>.
  
 
==See also==
 
==See also==

Revision as of 08:00, 21 March 2014

November 5, 2010

By Kyle Maichle

ARLINGTON, Virginia: Voters in four states were asked to approve or deny questions involving reserve or "Rainy Day" funds on November 2, 2010.

In Virginia, voters barely passed Question 3. The ballot question dealt with the state's Rainy Day Fund. Voters were asked if 15 percent instead of ten percent of the state's revenue must be kept in the Rainy Day Fund. The Amendment passed 51.21 to 48.78 percent[1].

Oklahoma voters had State Question 757 on the ballot. SQ 757 would have called for the state's rainy day fund to be increased from 10 percent to 15 percent. The measure was closely contested as the state had a near-empty rainy day fund after almost using all of it to fix the state's budget problems[2]. The measure passed 51.02 to 48.98 percent[3].

South Carolina voters had overwhelming support to increase its Rainy Day Fund on Election Day. Amendment 3 asked voters to approve increasing its Rainy Day Fund from three to five percent. The difference between Amendment 3 and those in Oklahoma and Virginia was that increases to the fund would be done incrementally instead of one-time. Amendment 3 passed 71 to 29 percent[4].

In Hawaii, voters were asked to whether give the Legislature more power on money from tax rebates can be directed. Question 2 would allow for Legislators to have the option to re-direct excess revenues into a Rainy Day Fund. The measure passed 59.3 to 31.7 percent[5].

See also

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References