North Carolina Tax Increment Bonds Amendment (1993)
| North Carolina Tax Increment Bonds Amendment | |
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| Election date |
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| Topic Bond issues and Taxes |
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| Status |
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| Type Legislatively referred constitutional amendment |
Origin |
North Carolina Tax Increment Bonds Amendment was on the ballot as a legislatively referred constitutional amendment in North Carolina on November 2, 1993. It was defeated.
A "yes" vote supported allowing cities and counties to issue tax increment bonds without voter approval. |
A "no" vote opposed allowing cities and counties to issue tax increment bonds without voter approval. |
Election results
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North Carolina Tax Increment Bonds Amendment |
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| Result | Votes | Percentage | ||
| Yes | 197,762 | 23.29% | ||
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651,190 | 76.71% | ||
Text of measure
Ballot title
The ballot title for Tax Increment Bonds Amendment was as follows:
| “ | [ ] FOR constitutional amendment permitting the General Assembly to enact general laws permitting issuance of bonds without a referendum to finance public projects associated with private industrial and commercial economic development projects, with the bonds to be secured in whole or in part by the additional revenues from taxes levied on the incremental value of the property in the territorial area [ ] AGAINST constitutional amendment permitting the General Assembly to enact general laws permitting issuance of bonds without a referendum to finance public projects associated with private industrial and commercial economic development projects, with the bonds to be secured in whole or in part by the additional revenues from taxes levied on the incremental value of the property in the territorial area | ” |
Full Text
The full text of this measure is available here.
Path to the ballot
The North Carolina State Legislature can refer statewide ballot measures, in the form of constitutional amendments and bond issues, to the ballot for statewide elections.
North Carolina requires a 60% vote in each legislative chamber during a single legislative session to refer a constitutional amendment to the ballot. That amounts to a minimum of 72 votes in the North Carolina House of Representatives and 30 votes in the North Carolina Senate, assuming no vacancies. Amendments do not require the governor's signature to be referred to the ballot.
Statutes, including bond issues, require a simple majority vote in each legislative chamber during one legislative session and the governor's signature to appear on the ballot.
See also
External links
Footnotes
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State of North Carolina Raleigh (capital) |
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