New York voters will decide on two statewide ballot measures on Nov. 7, 2023, regarding constitutional debt limitations.
Both constitutional amendments were referred to the ballot by the New York State Legislature. In New York, to amend the state constitution, each chamber of the legislature must pass the amendment by a simple majority vote in two consecutive legislative sessions.
Proposal 1, if approved, would eliminate the constitutional debt limit for small city school districts, which is defined as any school district partly or fully within a city with less than 125,000 inhabitants. Presently, the debt limit is set at 5% of the average total value of property tax rolls for the preceding five years within the district.
