STATE GOVERNMENT DEBT FOR POSTSECONDARY STUDENT LOANS, MEASURE 2, if approved, would change the state constitution so that the state could take on debt for the purposes of providing post-secondary student loans. More specifically it would add the underlined portion to the state’s constitution: “No state debt shall be contracted unless authorized by law for capital improvements, unless authorized by law for postsecondary student loans, or unless authorized by law for housing loans for veterans and ratified by a majority of the qualified voters of the State who vote on the question.” The amendment allows for the state government to borrow money on another endeavor, which could lead to an increase in spending and future taxes. A recent New York Federal Reserve Bank study found that tuition at the nation’s colleges and universities has skyrocketed in recent years due to the increased availability and generosity of government subsidized student loans
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Note: All measures will be decided on Tuesday, November 8, 2016, unless otherwise noted.