In New York, voters will decide on a constitutional amendment to remove the debt limit on small city school districts at the election on Nov. 7, 2023.
The New York Constitution places a debt limit on small city school districts, which are defined as districts located in cities with fewer than 125,000 inhabitants. The debt limit is equal to 5% of the average full valuation of taxable real property within the district’s jurisdiction. If the measure is approved by voters, it would amend Article VIII, Section 4 of the New York Constitution to remove the debt limit on small city school districts, as well as say that debt limits should not be applied to small cities that contract debt for educational purposes.
The amendment passed the New York State Senate on March 29, 2023, by 60-2, and was previously passed by the State Assembly on March 13 by 145-0. In New York, for a constitutional amendment to be referred to the ballot, it must pass each legislative chamber in two consecutive sessions. The amendment previously passed the Assembly and the Senate during the 2022 legislative session.
