Issue 3 - An Amendment to the Arkansas Constitution Concerning Job Creation, Job Expansion, and Economic Development
Arkansas voters approved Issue 3 on Nov. 8, 2016
Know before you vote - Issue 3 fact sheet
Find out what supporters and opponents say about the issue by downloading the 2016 Arkansas Ballot Issues Voter Guide. The guide includes a handy reference sheet to help you remember your choices when it comes time to vote.
On Election Day, you will see only the popular name and title of each proposal. Want to read the rest of it? Here's a link to the complete text of Issue 3, otherwise known as Senate Joint Resolution 16.
Watch our specialist explain Issue 3 in the video below.
What's being proposed?
This amendment asks voters to approve multiple changes to the Arkansas Constitution with the stated intent to encourage job creation, job expansion and economic development. It proposes modifications to Article 12 and Amendments 62 and 82. If approved by voters, this amendment would:
- Remove the limitation on the amount of general obligation bonds the state may issue to pay for economic development projects. Amendment 82 currently provides that bonds cannot exceed 5 percent of state general revenues.
- Allow a county, city, town or other municipal corporation to obtain or provide money for other entities to support economic development projects or services.
- Clarify the authority of counties and municipalities to issue bonds for economic development projects instead of industrial development purposes, which the Constitution currently authorizes, but does not define.
- Allow state legislators to authorize the use of other taxes (beyond special taxes) to pay off municipal and county bond debt.
- Remove requirement that municipal and county bonds may be sold only at public sale.
- Allow cities, towns, school districts and counties to form compacts for economic development projects.
How did this issue get on the ballot?
Arkansas senators and representatives decided last year to put this issue on the 2016 ballot for voters to decide.
Who is supporting or opposing this measure?
Opponents and supporters that spend money to campaign are required to register with the Arkansas Ethics Commission as aballot or legislative question committee. Visit the Commission's website to view these filings, which include names of people behind a group and how much money has been raised or spent.
Jobs for Arkansas has filed with the Arkansas Ethics Commission to support Issue 3. Arkansas for Free Enterprise has filed to oppose the measure.