Virginia Revenue Stabilization Fund Amendment (1992)
| Virginia Revenue Stabilization Fund Amendment | |
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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 |
Virginia Revenue Stabilization Fund Amendment was on the ballot as a legislatively referred constitutional amendment in Virginia on November 3, 1992. It was approved.
A "yes" vote supported creating a Revenue Stabilization Fund to accumulate money from years with above-average revenue and to be used when revenues are below-average. |
A "no" vote opposed creating a Revenue Stabilization Fund to accumulate money from years with above-average revenue and to be used when revenues are below-average. |
Election results
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Virginia Revenue Stabilization Fund Amendment |
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| Result | Votes | Percentage | ||
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1,568,958 | 72.63% | ||
| No | 591,385 | 27.37% | ||
Text of measure
Ballot title
The ballot title for Revenue Stabilization Fund Amendment was as follows:
| “ | Shall the Constitution of Virginia be amended to create a Revenue Stabilization Fund? The Fund would accumulate money in years when revenues grow at above-average rates and could be appropriated in years when revenues fall short of forecasts. | ” |
Path to the ballot
- See also: Amending the Virginia Constitution
A simple majority vote is required during two successive legislative sessions for the Virginia General Assembly to place a constitutional amendment on the ballot. That amounts to a minimum of 51 votes in the Virginia House of Delegates and 21 votes in the Virginia 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 Virginia Richmond (capital) |
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