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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"

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