Oregon Measure 7, Bonds for School Districts Amendment (1970)
Oregon Measure 7 | |
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Election date |
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Topic Bond issues and Education |
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Status |
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Type Legislatively referred constitutional amendment |
Origin |
Oregon Measure 7 was on the ballot as a legislatively referred constitutional amendment in Oregon on November 3, 1970. It was defeated.
A "yes" vote supported authorizing bonds up to 1% of the true cash value of taxable property within the state for common or union high school districts or area education districts and implementing a statewide property tax to pay bonds, unless alternative revenue is specified by the legislature. |
A "no" vote opposed authorizing bonds up to 1% of the true cash value of taxable property within the state for common or union high school districts or area education districts and implementing a statewide property tax to pay bonds, unless alternative revenue is specified by the legislature. |
Election results
Oregon Measure 7 |
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Result | Votes | Percentage | ||
Yes | 269,372 | 45.81% | ||
318,651 | 54.19% |
Text of measure
Ballot title
The ballot title for Measure 7 was as follows:
“ | CONSTITUTIONAL AMENDMENT AUTHORIZING EDUCATION BONDS "Authorizes bonds up to one percent of true cash value of taxable property in state to provide funds to purchase bonds of common or union high school districts or area education districts issued by the district for purposes authorized by law. Authorizes state-wide property tax to provide for payment of bonds if legislature does not provide other revenues. Supersedes conflicting constitutional requirements.” "ESTIMATE OF FISCAL EFFECTS: This amendment would allow the state to purchase bonds of local school districts. Based on the 1971 estimate of Oregon's taxable property, a maximum of $180 million of bonds could be authorized by the Legislature. The 1969 legislative session has authorized the state to issue up to $160 million of the total bonding limit established by this proposal. The loan repayments by local school districts are expected to be adequate to pay the interest and retire any state bonds issued under the proposed amendment." | ” |
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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