Oregon Measure 19, Education Stability Fund Amendment (September 2002)
| Oregon Measure 19 | |
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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 |
Oregon Measure 19 was on the ballot as a legislatively referred constitutional amendment in Oregon on September 17, 2002. It was approved.
A "yes" vote supported converting the education endowment fund into a stability fund and transferring $150 million from stability fund to the State School Fund. |
A "no" vote opposed converting the education endowment fund into a stability fund and transferring $150 million from stability fund to the State School Fund. |
Election results
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Oregon Measure 19 |
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| Result | Votes | Percentage | ||
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496,815 | 61.85% | ||
| No | 306,440 | 38.15% | ||
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- Results are officially certified.
- Source
Text of measure
Ballot title
The ballot title for Measure 19 was as follows:
| “ | AMENDS CONSTITUTION: AUTHORIZES USING EDUCATION STABILITY FUND PRINCIPAL IN SPECIFIED CIRCUMSTANCES; TRANSFERS $150 MILLION TO STATE SCHOOL FUND; CREATES SCHOOL CAPITAL MATCHING SUBACCOUNT IN STABILITY FUND. RESULT OF “YES” VOTE: “Yes” vote converts education endowment fund to stability fund; specifies conditions for using fund principal; transfers $150 million from fund to State School Fund; creates school capital matching subaccount in stability fund. RESULT OF “NO” VOTE: “No” vote rejects: converting education endowment fund to education stability fund; using fund principal under certain conditions; transferring $150 million from fund to State School Fund; creating school capital matching subaccount in stability fund. SUMMARY: Amends Constitution. Under existing law, the state deposits a portion of state lottery proceeds into the education endowment fund; fund’s earnings are used for public education; principal is retained in fund. Measure converts education endowment fund to education stability fund. Measure increases percentage of net proceeds from state lottery placed in education stability fund and limits amount in fund. Measure authorizes legislature to use any portion of education stability fund principal for public education if three-fifths of the members of each house of legislature approve, and either (1) legislature makes required finding as to decline in projected state revenue or in seasonally adjusted nonfarm employment, or (2) Governor declares emergency. On May 1, 2003, measure transfers $150 million from stability fund to State School Fund to be used for kindergarten through grade 12 public education. Creates school capital matching subaccount in education stability fund. ESTIMATE OF FINANCIAL IMPACT: The education stability fund will be reduced by $150 million in May 2003. This amount will go into the State School Fund to be distributed to school districts at that time. Growth in the balance of the education stability fund will be increased by an estimated $10 million per year. There is a corresponding reduction of lottery funding for other programs, mainly the State School Fund and economic development. Distribution of earnings on the education stability fund, for debt service on education bonds and for need-based college scholarships will be reduced by about $7 million per year. | ” |
Full Text
The full text of this measure is available here.
Path to the ballot
- See also: Amending the Oregon Constitution
A simple majority vote is required during one legislative session for the Oregon State Legislature to place a constitutional amendment on the ballot. That amounts to a minimum of 31 votes in the Oregon House of Representatives and 16 votes in the Oregon 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 Oregon Salem (capital) |
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