Oregon Measure 21, Lottery Revenues for Education Amendment (May 1995)
| Oregon Measure 21 | |
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| Election date |
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| Topic Education and Gambling policy |
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| Status |
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| Type Legislatively referred constitutional amendment |
Origin |
Oregon Measure 21 was on the ballot as a legislatively referred constitutional amendment in Oregon on May 16, 1995. It was approved.
A "yes" vote supported authorizing state lottery profits to fund public education, in addition to job creation and economic development, and establishing the Education Endowment Fund, receiving 15 percent of lottery profits after July 1, 1997. |
A "no" vote opposed authorizing state lottery profits to fund public education, in addition to job creation and economic development, and establishing the Education Endowment Fund, receiving 15 percent of lottery profits after July 1, 1997. |
Election results
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Oregon Measure 21 |
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| Result | Votes | Percentage | ||
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671,027 | 87.06% | ||
| No | 99,728 | 12.94% | ||
Text of measure
Ballot title
The ballot title for Measure 21 was as follows:
| “ | DEDICATION OF LOTTERY FUNDS TO EDUCATION QUESTION: Shall state lottery dollars be used for financing education, in addition to creating jobs and furthering economic development? SUMMARY: Constitutional amendment allows profits from state lottery to be used for financing public education as well as for creating jobs and furthering economic development. Requires creation of Education Endowment Fund that receives 15 percent of lottery profits after July 1, 1997, and any other moneys appropriated by the Legislative Assembly. Investment earnings of endowment fund will be used to support public education. Investments may be in common stocks as provided by law. Requires Legislative Assembly to allocate lottery moneys for bond payments before allocations for other purposes. ESTIMATE OF FINANCIAL IMPACT: This measure will allow State Lottery proceeds to be used to finance public education. Currently, these proceeds may be used only for creating jobs and furthering economic development. The moneys available in 1995-1996 are estimated to be $290 million. In addition, this measure establishes an education endowment fund. Fifteen percent of net lottery proceeds, or approximately $50 million, will be invested in the fund annually beginning in 1997-1998. The interest earnings generated by the moneys are estimated to be $2.5 million in 1997-1998 and will grow as more lottery proceeds are deposited each year. Earnings may be retained in the fund or expended for public education. | ” |
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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