Missouri Amendment 7, Budget Stabilization Fund Measure (1996)
| Missouri Amendment 7 | |
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| Election date |
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| Topic Budget stabilization funds |
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| Status |
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| Type Legislatively referred constitutional amendment |
Origin |
Missouri Amendment 7 was on the ballot as a legislatively referred constitutional amendment in Missouri on November 5, 1996. It was defeated.
A "yes" vote supported amending the Missouri State Constitution to establish a Budget Stabilization Fund within the state treasury to provide a reserve in years where revenue projections are below expectations. |
A "no" vote opposed amending the Missouri State Constitution to establish a Budget Stabilization Fund within the state treasury to provide a reserve in years where revenue projections are below expectations. |
Election results
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Missouri Amendment 7 |
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| Result | Votes | Percentage | ||
| Yes | 931,705 | 49.30% | ||
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958,173 | 50.70% | ||
Text of measure
Ballot title
The ballot title for Amendment 7 was as follows:
| “ | Constitutional Amendment No. 7 Proposed by the 88th General Assembly (Second Reg. Session) Shall a "Budget Stabilization Fund", also known as the "rainy day fund" be created in the state treasury to provide an operating reserve in years where revenue projections are below expectations? This proposal would not directly affect any state or local taxes. State funds could be redistributed. | ” |
Path to the ballot
- See also: Amending the Missouri Constitution
A simple majority vote is required during one legislative session for the Missouri General Assembly to place a constitutional amendment on the ballot. That amounts to a minimum of 82 votes in the Missouri House of Representatives and 18 votes in the Missouri State Senate, assuming no vacancies. Amendments do not require the governor's signature to be referred to the ballot.
See also
External links
Footnotes
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State of Missouri Jefferson City (capital) |
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