The Wisconsin Local Debt Limit and School Bonds Amendment was a legislatively-referred constitutional amendment on the April 2, 1963 ballot in Wisconsin, where it was approved.
This amendment modified Article XI, Section 3 of the Wisconsin Constitution to clarify wording on calculation of local debt limit, and gives an increased limit with regard to school bonds..
| Question 2|
| Yes|| 291,926|| 55.75%|
Official results via: The Wisconsin Blue Book 1964
Text of measure
The language that appeared on the ballot:
"Shall section 3 of article XI of the constitution be amended to clarify the language, to base the debt limit for all units of government on equalized value and to allow cities authorized to issue bonds for school purposes to bond themselves for school purposes up to 10 per cent of the total tax base of all territory included in the school system?"
(Article XI) Section 3.
The amendment removed the existing third sentence from
the section and inserted in its place 3 new sentences.
This is the new text: "No county, city, town, village, school district or other municipal corporation may become indebted in an amount that exceeds an allowable percentage of the taxable property located therein equalized for state purposes as provided by the legislature. In all cases the allowable percentage shall be five per centum except as follows: (a) For any city authorized to issue bonds for school purposes, an additional ten per centum shall be permitted for school purposes only, and in such cases the territory attached to the city for school purposes shall be included in the total taxable property supporting the bonds issued for school purposes. (b) For any school district which offers no less than grades one to twelve and which at the time of incurring such debt is eligible for the highest level of school aids, ten per centum shall be permitted."
Path to the ballot
- First Legislative Approval: AJR 92 & JR 71 (1961)
- Second Legislative Approval: AJR 19 & JR 8 (1963)