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Ohio Payment of Political Subdivisions' Debts Amendment (June 1976)

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Ohio Payment of Political Subdivisions' Debts Amendment

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Election date

June 8, 1976

Topic
State and local government budgets, spending, and finance and Taxes
Status

DefeatedDefeated

Type
Legislatively referred constitutional amendment
Origin

State legislature



Ohio Payment of Political Subdivisions' Debts Amendment was on the ballot as a legislatively referred constitutional amendment in Ohio on June 8, 1976. It was defeated.

A “yes” vote supported requiring political divisions to make provisions for the payment of debt from taxation.

A “no” vote opposed requiring political divisions to make provisions for the payment of debt from taxation.


Election results

Ohio Payment of Political Subdivisions' Debts Amendment

Result Votes Percentage
Yes 675,012 43.11%

Defeated No

890,896 56.89%
Results are officially certified.
Source


Text of measure

Ballot title

The ballot title for Payment of Political Subdivisions' Debts Amendment was as follows:

To adopt Section 7 and to repeal Section 11 of Article XII, Ohio Constitution

To make provision for retirement of general obligation bonds and notes of political subdivisions from legally available sources not limited to property taxes and for limitations by the general assembly on the amounts of such bonds and notes issued by political subdivisions.

To require the timely payment of principal and interest of the general obligation debt incurred by a political subdivision.

To repeal constitutional provisions operating to indirectly limit the amount of debt that may be incurred by a political subdivision without a vote of the electorate.

To repeal requirements that political subdivisions create a sinking fund for the repayment of debt at maturity.

Schedule

The Secretary of State shall assign Section 11 if on the effective date of the amendment Section 7 is already assigned.

Shall the proposed amendment be adopted?


Path to the ballot

See also: Amending the Ohio Constitution

A 60% vote is required during one legislative session for the Ohio State Legislature to place a constitutional amendment on the ballot. That amounts to a minimum of 60 votes in the Ohio House of Representatives and 20 votes in the Ohio State Senate, assuming no vacancies. Amendments do not require the governor's signature to be referred to the ballot.

See also


Footnotes

External links