Nebraska Constitutional Amendment Number 5 (2006)

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Nebraska Constitution
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Nebraska Amendment 5 appeared on the on the November 2006 ballot in Nebraska as a legislatively-referred constitutional amendment, where it was approved.

  • Yes: 291,454 (54.4%)Approved
  • No: 243,988 (45.6%)

Ballot wording

It was sponsored by state senator Kermit Brashear[1], speaker of the Nebraska Legislature in 2005 and 2006, to amend Article VIII, sections 7-9. It was intended to reassign $40 million of Nebraska's perpetual fund for schools to the creation of an early childhood education endowment fund.

Objectives of the initiative

This amendment put $40 million of public money from the perpetual fund for schools in a new early childhood education endowment fund. The result of this transfer is that the annual interest from this $40 million, which had previously been going to K-12 education, would be used to make grants to schools, community-based teaching organizations, etc., to establish early childhood education programs for children from birth through kindergarten age[2]. Nebraska's Legislative Fiscal Analyst estimates an annual loss of $1.8 million to K-12 funding from this amendment (the interest from the $40 million). To maintain the same level and quality of K-12 education, the state would then need to raise taxes enough to increase annual tax revenue by $1.8 million.

Campaign finance

Donors for the campaign for the measure:[3]

  • Families for Amendment 5: $441,686
  • Total: $441,686

See also

Reference

  1. ↑ http://en.wikipedia.org/wiki/Kermit_Brashear
  2. ↑ http://agecon.unl.edu/pub/06%20Constitutional%20Amdmts.pdf
  3. ↑ Follow the Money, "Donors"
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