All 16 Texas Constitutional Amendment propositions passed in a vote last night. The passing of all the propositions will account for Texans collecting an additional $9.75 billion dollar debt, mostly through general obligation bonds.
The most controversial of the propositions is Proposition 15, otherwise known as the “Cancer Tax.” The strong and visual effort to pass this proposition, spearheaded by the well-loved Texan Lance Armstrong, was effective in getting voters to turnout and vote. Armstrong issued the following statement after its passing:
“We celebrate a milestone in Texas history today, and I’ve never been more proud to be a Texan.” Armstrong said. “Proposition 15 is the most important effort in which I have ever been involved, and I am deeply grateful to the people of this state for joining our campaign by voting to make Texas a global leader in cancer research and prevention.”
I’m glad for you. This just goes to show that there is no bond package too big for Texans. Luckily, we have a Republican in the Governor’s post. Perry will surely be against such a debt hog. What’s that? He’s for it? Perry’s response:
“Everyone has a stake in the fight against cancer and Texans have taken matters into their own hands by passing Proposition 15, funding ten years of cancer research in our state. I believe that we will look back on this day as a turning point in the war against this deadly disease.”
When will Texans (and Americans) wake up and start electing real conservatives back to office. Or should I say the real liberals.
Here is the full list of all the new Constitutional amendments:
• PROPOSITION 1 to continue the constitutional appropriation for facilities and other capital items at Angelo State University in a change of governance of the university.
• PROPOSITION 2 to issue $500 million in general obligation bonds to finance student loans. Authorizes bond enhancement agreements for general obligation bonds issued for that purpose.
• PROPOSITION 3 to authorize the Legislature to provide that the maximum appraised value of a residence homestead for ad valorem taxation is the lesser of these: the most recent market value of the home as determined by the appraisal entity or 110 percent – or a greater percentage- of the appraised value of the home for the preceding tax year.
• PROPOSITION 4 to authorize issuance of up to $1 billion in bonds for maintenance, improvement, repair and construction for state parks, historic sites, crime labs and other state projects and money for potential new prison construction.
• PROPOSITION 5 to authorize the Legislature to permit the voters of a municipality with a population under 10,000 to authorize its governing body to enter an agreement with an owner of real property in or adjacent to the municipality that has been approved for funding under certain programs administered by the Texas Department of Agriculture. Would allow the parties to agree that all ad valorem taxes imposed on the owner’s property may not be increased for the first five tax years after the tax year in which the agreement is entered into.
• PROPOSITION 6 to authorize the Legislature to exempt from ad valorem taxation one motor vehicle that the owner uses in his or her occupation or profession and for personal activities.
• PROPOSITION 7 to allow governmental entities to sell property acquired through eminent domain back to the previous owners at the price the entities paid to acquire the property.
• PROPOSITION 8 to clarify certain provisions relating to the making of a home equity loan and use of home equity loan proceeds.
• PROPOSITION 9 to authorize the Legislature to exempt all or part of the residence homesteads of certain totally disabled veterans from ad valorem taxation and authorizes a change in the manner of determining the amount of the existing exemption from ad valorem taxation to which a disabled veteran is entitled.
• PROPOSITION 10 to abolish the constitutional authority for the office of inspector of hides and animals.
• PROPOSITION 11 to require that a recorded vote be taken by a house of the Legislature on final passage of any bill, other than certain local bills and ceremonial resolutions, and provides for public access on the Internet to those recorded votes.
• PROPOSITION 12 to provide for the issuance of up to $5 billion in general obligation bonds by the Texas Transportation Commission for highway improvement projects.
• PROPOSITION 13 to authorize the denial of bail to someone who violates certain court orders or conditions of release in a felony or family violence case.
• PROPOSITION 14 to permit a justice or judge who reaches the mandatory retirement age while in office to serve the remainder of his or her current term.
• PROPOSITION 15 to require the creation of the Cancer Prevention and Research Institute of Texas and authorizes issuance of up to $3 billion in bonds for research in Texas to find the causes of and cures for cancer.
• PROPOSITION 16 to provide for issuance of additional general obligation bonds by the Texas Water Development Board up to $250 million to provide assistance to economically distressed areas.