California Proposition 5, Transfer of Funds Amendment (1924)
| California Proposition 5 | |
|---|---|
 | |
| Election date November 4, 1924 | |
| Topic State and local government budgets, spending, and finance | |
Status Defeated | |
| Type Constitutional amendment | Origin State legislature |
California Proposition 5 was on the ballot as a legislatively referred constitutional amendment in California on November 4, 1924. It was defeated.
A “yes” vote supported requiring city and county treasurers to temporarily transfer up to 85 percent of taxes once each fiscal year to meet incurred obligations and to replace the transferred amount from taxes before meeting additional obligations. |
A “no” vote opposed requiring city and county treasurers to temporarily transfer up to 85 percent of taxes once each fiscal year to meet incurred obligations and to replace the transferred amount from taxes before meeting additional obligations. |
Election results
|
California Proposition 5 |
||||
|---|---|---|---|---|
| Result | Votes | Percentage | ||
| Yes | 264,464 | 31.91% | ||
|
|
564,252 | 68.09% | ||
Text of measure
Ballot title
The ballot title for Proposition 5 was as follows:
| “ | Transfer of Funds | ” |
Ballot summary
The ballot summary for this measure was:
| “ | Senate Constitutional Amendment 20. Amends Section 31 of Article IV of Constitution. Adds proviso requiring city or county treasurer, having custody of funds of political subdivision payable solely through his office, to' make, on or before last Monday in April in each current fiscal year, temporary transfers therefrom, not exceeding eighty-five per cent of taxes accruing to such subdivision, to meet obligations incurred by such subdivision for maintenance purposes, and to replace same from such taxes before meeting other obligations therefrom. | ” |
Full Text
The full text of this measure is available here.
Path to the ballot
- See also: Amending the California Constitution
A two-thirds vote was needed in each chamber of the California State Legislature to refer the constitutional amendment to the ballot for voter consideration.
See also
External links
Footnotes
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State of California Sacramento (capital) |
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