Wisconsin Property Valuation for Local Debt Limit Amendment, Question 2 (April 1964)
- This amendment sought to modify Article XI, Section 3 of the Wisconsin Constitution to adjust the basis for valuation of property in local debt limit calculations.
Official results via: The Wisconsin Blue Book 1966
Text of measure
The language that appeared on the ballot:
"Shall section 3 of article XI of the constitution be amended to adjust the basis or valuation of property for debt limit purposes to compensate for the reduction in the tax base when and if certain personal property is entirely eliminated from assessment and taxation?"
(in part): (Article XI) Section 3. Except as provided in section 3a, no county, city, town, village, school district, or other municipal corporation shall be allowed to become indebted in any manner or for any purpose to any amount, including existing indebtedness, in the aggregate exceeding five per centum on the value of the taxable property therein, to be ascertained, other than for school districts and counties having a population of 500,000 or over, by the last assessment for state and county taxes previous to the incurring of such indebtedness and for school districts and counties having a population of 500,000 or over by the value of such property as equalized for state purposes; except that for any city which is authorized to issue bonds for school purposes the total indebtedness of such city shall not exceed in the aggregate eight per centum of the value of such property as equalized for state purposes and except that for any school district offering no less than grades one to twelve and which is at the time of incurring such debt eligible for the highest level of school aids, the total indebtedness of such school district shall not exceed ten per centum of the value of such property as equalized for state purposes; the manner and method of determining such equalization for state purposes to be provided by the legislature.
Path to the ballot
- First Legislative Approval: AJR 134 & JR 91 (1961)
- Second Legislative Approval: AJR 74 & JR 33 (1963)
- The Wisconsin Blue Book 1966
- "Facsimile Ballot Notice of Judicial, Delegate and Referenda Election," Wisconsin State Journal, April 6, 1964
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