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2012 Senate Joint Resolution 8221: Amending the Constitution to include the recommendations of the commission on state debt
  1. Introduced by Sen. Linda Evans Parlette (Wenatchee) (R) on January 16, 2012, proposes to amend the Washington State Constitution to fix the limit for debt incurred after July 1, 2014, at 8.75 percent of the average of general state revenues for the previous six fiscal years. The definition of general state revenues includes property taxes deposited in the general fund. (Companion Bill: HJR 4226).
    • Referred to the Senate Ways & Means Committee on January 16, 2012.
    • Referred to the Senate Rules Committee on February 10, 2012.
      • Amendment offered by Sen. Linda Evans Parlette (Wenatchee) (R) on March 5, 2012, reduces the debt limit percentage to 8.5% from FY 2015 through FY 2017, 8.25% from FY 2017 through FY 2034, and 8.0% from FY 2035 and thereafter.
  2. Passed 41 to 7 in the Senate on March 5, 2012, reduces the constitutional debt limit over time from 9.0 percent to 8.0 percent by July 1, 2034. It is set at 8.5 percent starting July 1, 2014; 8.25 percent starting July 1, 2016, and 8.0 percent starting July 1, 2034. The percentage debt limit is applied to the average of general state revenues for the previous six fiscal years instead of the current three-year average. The definition of general state revenues includes property taxes deposited in the General Fund.
    Who Voted "Yes" and Who Voted "No"

  3. Received in the House on March 6, 2012.
    • Referred to the House Capital Budget Committee on March 6, 2012.
  4. Received in the Senate on April 4, 2012.
    • Referred to the Senate Rules Committee on April 5, 2012.
  5. Passed 41 to 7 in the Senate on April 5, 2012.
    Who Voted "Yes" and Who Voted "No"

  6. Received in the House on April 5, 2012.
    • Referred to the Senate Rules Committee on April 10, 2012.
  7. Received in the Senate on April 11, 2012.
  8. Passed 38 to 7 in the Senate on April 11, 2012.
    Who Voted "Yes" and Who Voted "No"

  9. Received in the House on April 11, 2012.
  10. Passed 91 to 7 in the House on April 11, 2012, provides that the constitutional debt limit is reduced over time from 9.0 percent to 8.0 percent by July 1, 2034. It is set at 8.5 percent starting July 1, 2014; 8.25 percent starting July 1, 2016, and 8.0 percent starting July 1, 2034. The percentage debt limit is applied to the average of general state revenues for the previous six fiscal years instead of the current three-year average. The definition of general state revenues includes property taxes deposited in the General Fund.
    Who Voted "Yes" and Who Voted "No"

Comments

Re: 2012 Senate Joint Resolution 8221 (Amending the Constitution to include the recommendations of the commission on state debt )  by emansnas2 on November 2, 2012 

 


This bill appears to be deceitful in that it is presented as constraining state spending when in fact it appears to allow for an increase in state spending. Yes the limit is reduced from 9% to 8% but the revenue base is increased approximately 30% (because property taxes constitute approx. 30% of total WA state revenue). Thus 100 x .09 = 9 while 130 x .08 = 10.4 !!! You don't need your representative to interpret, you can do the math yourself.



Re: 2012 Senate Joint Resolution 8221 (Amending the Constitution to include the recommendations of the commission on state debt )  by Lainie59 on October 29, 2012 
I would advise you to contact your representatives. This bill passed by a majority in both the House and Senate.

It is true that on the one hand, the debt limit is being reduced and on the other hand, property taxes are going to be included as general revenue when they had not been. There is also an increase from three years to six years to determine the average in general revenues.

I agree this is rather confusing. I have contacted my representatives for a better explanation but have yet to hear back from them.


Re: 2012 Senate Joint Resolution 8221 (Amending the Constitution to include the recommendations of the commission on state debt )  by cartesian on October 26, 2012 
My Voter's Pamphlet states "The amendment would change the definition of of 'general state revenues' to include the state property tax [allowing] state property tax to be included in 'general state revenues' when calculating the debt limit.

So this resolution would reduce the percentage calculated from the GSR from 9% to 8% but then increase the amount of the GSR by amending its definition?

Well... 9% of 100 is 9 but 8% of 120 is 9.6... 9.6>9. You see my confusion?

Where can I find the actual numbers we are talking about here?

Can anyone help me out here?

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