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Wisconsin Question 2, Property Valuation for Local Debt Limit Amendment (April 1964)
| Wisconsin Question 2 | |
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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 |
Wisconsin Question 2 was on the ballot as a legislatively referred constitutional amendment in Wisconsin on April 7, 1964. It was defeated.
A "yes" vote supported amending the constitution to adjust the basis for valuation of property in local debt limit calculations. |
A "no" vote opposed amending the constitution to adjust the basis for valuation of property in local debt limit calculations. |
Election results
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Wisconsin Question 2 |
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| Result | Votes | Percentage | ||
| Yes | 336,994 | 37.06% | ||
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572,276 | 62.94% | ||
Text of measure
Ballot title
The ballot title for Question 2 was as follows:
| “ | Shall section 3 of article XI of the constitution be amended to adjust the basis or valuation of property for debt limit purposes to compensate for the reduction in the tax base when and if certain personal property is entirely eliminated from assessment and taxation? | ” |
Constitutional changes
Note: Hover over the text and scroll to see the full text.
(in part): (Article XI) Section 3. Except as provided in section 3a, no county, city, town, village, school district, or other municipal corporation shall be allowed to become indebted in any manner or for any purpose to any amount, including existing indebtedness, in the aggregate exceeding five per centum on the value of the taxable property therein, to be ascertained, other than for school districts and counties having a population of 500,000 or over, by the last assessment for state and county taxes previous to the incurring of such indebtedness and for school districts and counties having a population of 500,000 or over by the value of such property as equalized for state purposes; except that for any city which is authorized to issue bonds for school purposes the total indebtedness of such city shall not exceed in the aggregate eight per centum of the value of such property as equalized for state purposes and except that for any school district offering no less than grades one to twelve and which is at the time of incurring such debt eligible for the highest level of school aids, the total indebtedness of such school district shall not exceed ten per centum of the value of such property as equalized for state purposes; the manner and method of determining such equalization for state purposes to be provided by the legislature.
Section 3a. On and after January 1, 1964, the five, eight or ten per centum debt limitation provided in section 3 and which, but for this section, would apply to each county, city, town, village, school district or other municipal corporation. shall be modified as follows - The otherwise applicable debt limitation percentage of five, eight or ten per centum for each such governmental unit shall be divided by a fraction, the denominator of which shall be the 1963 state equalized value of all taxable property in such governmental unit, and the numerator shall be the figure determined for the denominator less the 1963 state equalized value of merchants' stock-in-trade, manufacturers' materials and finished products, livestock and other general categories of personal property subject to assessment for general property tax purposes in 1963, but exempted from such assessments in 1964 or thereafter in such governmental unit.[1]
Path to the ballot
- See also: Amending the Wisconsin Constitution
A simple majority vote is required during two legislative sessions for the Wisconsin State Legislature to place a constitutional amendment on the ballot. That amounts to a minimum of 50 votes in the Wisconsin State Assembly and 17 votes in the Wisconsin State Senate, assuming no vacancies. Amendments do not require the governor's signature to be referred to the ballot.
See also
Footnotes
- ↑ Note: This text is quoted verbatim from the original source.
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State of Wisconsin Madison (capital) |
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