Oklahoma State Question 506, State Board of Equalization Revenue Estimates Amendment (July 1975)
| Oklahoma State Question 506 | |
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| Election date |
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| Topic State and local government budgets, spending, and finance |
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| Status |
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| Type Legislatively referred constitutional amendment |
Origin |
Oklahoma State Question 506 was on the ballot as a legislatively referred constitutional amendment in Oklahoma on July 22, 1975. It was approved.
A "yes" vote supported revising the timeline and method for the State Board of Equalization's revenue estimates, including using a five-year average to calculate increases or decreases, adjusting for recent declines, and allowing the legislature to reduce revenue and transfer unappropriated funds. |
A "no" vote opposed revising the timeline and method for the State Board of Equalization's revenue estimates, including using a five-year average to calculate increases or decreases, adjusting for recent declines, and allowing the legislature to reduce revenue and transfer unappropriated funds. |
Election results
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Oklahoma State Question 506 |
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| Result | Votes | Percentage | ||
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177,177 | 71.96% | ||
| No | 69,040 | 28.04% | ||
Text of measure
Ballot title
The ballot title for State Question 506 was as follows:
| “ | Shall a Constitutional Amendment amending Section 23, Article X, Oklahoma Constitution, providing new time limit State Board of Equalization shall make estimate of next fiscal year revenue; providing that estimate be determined by computing average percentage of increase or decrease of revenue of last five preceding fiscal years, computing any decline in percentage increase of revenue last preceding fiscal year compared to five year average, subtracting or adding to revenue of last fiscal year sum equal to twice the lesser of the two methods; authorizing Legislature to reduce revenue and transfer unappropriated cash on hand, be approved by the people? | ” |
Path to the ballot
- See also: Amending the Oklahoma Constitution
A simple majority vote is required during one legislative session for the Oklahoma State Legislature to place a constitutional amendment on the ballot. That amounts to a minimum of 51 votes in the Oklahoma House of Representatives and 24 votes in the Oklahoma 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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