Thursday, October 28, 2010

Virginia Constitutional Amendments - #2337 - Virginia Ballot Questions 2010, Vote NO: 1, 2 and 3 - Schilling Show Blog

On November 2, 2010 Virginians will be faced with several seemingly innocuous but fatally flawed ballot questions, primarily dealing with various facets of taxation in the Commonwealth. At hand are three constitutional amendments, which appear on the ballot following a multi-stage approval by the Virginia General Assembly, as follows: A constitutional amendment, as established in Section 1 of Article XII, can be proposed in either house of the Virginia General Assembly. If a proposed amendment is approved by a simple majority vote in one session of the state legislature, it is automatically referred to the next session of the state legislature that occurs after the next general election of members of the Virginia House of Delegates. If in that second session the proposed amendment is “agreed to by a majority of all the members elected to each house” it is then placed before the state’s voters. If approved by a simple majority vote, it becomes part of the state’s constitution.
Question 1 reads:
Shall Section 6 of Article X of the Constitution of Virginia be amended to authorize legislation that will permit localities to establish their own income or financial worth limitations for purposes of granting property tax relief for homeowners not less than 65 years of age or permanently and totally disabled?
Question 2 reads:
Shall the Constitution be amended to require the General Assembly to provide a real property tax exemption for the principal residence of a veteran, or his or her surviving spouse, if the veteran has a 100 percent service-connected, permanent, and total disability.
Question 3 reads:
Shall Section 8 of Article X of the Constitution of Virginia be amended to increase the permissible size of the Revenue Stabilization Fund (also known as the “rainy day fund”) from 10 percent to 15 percent of the Commonwealth’s average annual tax revenues derived from income and retail sales taxes for the preceding three fiscal years?  Read more............. on each of the Amendments and Rob Schilling's commentary on why he recommends voting NO on each one.

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