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Measure Details

General Reserve Fund

South Carolina Ballot Measure - Amendment 3

Yes
890,015
(70.91%)

No
365,105
(29.09%)

Measure Text

Must Section 36(A), Article III of the Constitution of this State be amended so as to increase from three to five percent in increments of one-half of one percent over four fiscal years the amount of state general fund revenue in the latest completed fiscal year required to be held in the General Reserve Fund?

Explanation

A 'Yes' vote will increase the amount of money state government must keep in the General Reserve Fund (its "rainy day" fund) from 3% of the previous year's revenue to 5% of the previous year's revenue.

Yes [ ]

No [ ]

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