Maine Question 4, Foundation Program School Subsidies Bond Measure (1969)
| Maine Question 4 | |
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| Election date |
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| Topic Bond issues and Public education funding |
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| Status |
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| Type Bond issue |
Origin |
Maine Question 4 was on the ballot as a bond issue in Maine on November 4, 1969. It was approved.
A "yes" vote supported issuing $22 million in bonds for the state to start making monthly payments to the Foundation Program School Subsidies for local school units during a transitional period of January 1970 to June 1970. |
A "no" vote opposed issuing $22 million in bonds for the state to start making monthly payments to the Foundation Program School Subsidies for local school units during a transitional period of January 1970 to June 1970. |
Election results
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Maine Question 4 |
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| Result | Votes | Percentage | ||
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84,505 | 59.38% | ||
| No | 57,799 | 40.62% | ||
Text of measure
Ballot title
The ballot title for Question 4 was as follows:
| “ | Shall the State convert to monthly payments of general purpose school aid to local school units to ensure the State's ability to make cash payments and reduce the need for borrowing by municipalities and the State by issuing bonds in the amount of $22,000,000 in order to provide for the transitional period, January 1970 through June 1970? | ” |
Path to the ballot
In Maine, voter approval is required for state bond issues that exceed $2 million, with exceptions to bonds for the purpose of suppressing insurrection, repelling invasion, or for purposes of war, as well as for temporary loans paid out of money raised by taxation during the fiscal year which they are made, or for loans to be paid within 12 months with federal transportation funds.
A two thirds majority (66.67%) vote is required during one legislative session for the Maine State Legislature to place a bond issue on the ballot. That amounts to a minimum of 101 votes in the Maine House of Representatives and 24 votes in the Maine State Senate, assuming no vacancies. State bond issues require the governor's signature to be referred to the ballot.
See also
External links
Footnotes
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State of Maine Augusta (capital) |
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