YOUTH MINIMUM WAGE REFERENDUM, REFERRED LAW 20, would decrease the minimum wage for those under age 18 from $8.50 to $7.50 per hour. The decrease in the minimum wage for youth could result in increased hiring of teenagers, allowing for them to get valuable work experience before fully entering the workforce.
REDISTRICTING COMMISSION AMENDMENT, CONSTITUTIONAL AMENDMENT T, would establish an independent redistricting commission composed of nine registered voters. The pool from which the board is chosen would be composed of an equal mix from the two major political parties and those who are unaffiliated. Supporters of measures such as these argue that by vesting the power of redistricting in a commission, rather than a legislature would allow for competitive districts more responsive to the interests of voters. This could result in lower taxes and less spending.
LIMIT ON STATUTORY INTEREST RATES FOR LOANS, CONSTITUTIONAL AMENDMENT U, would add a section to the constitution to limit the ability of a lender to charge a statutory interest rate above 18 percent without written permission of the individual taking out the loan. The measure further involves the government in regulating a contract between two parties. It would also limit the availability of credit for those that need it.
PAYDAY LENDING INITIATIVE, INITIATED MEASURE 21, would cap interest rates for short-term loans at 36 percent. Like Amendment U, this measure further involves the government in regulating a contract between two parties. It would also limit the availability of credit for those that need it.
REVISION OF STATE CAMPAIGN FINANCE AND LOBBYING LAWS, INITIATED MEASURE 22, would extensively revise the state’s campaign finance laws. It requires additional disclosures and increased reporting. It lowers contribution amounts to political action committees, political parties, and candidates for statewide, legislative, or county office. It also imposes limits on contributions from candidate campaign committees, political action committees, and political parties. Such measures would chill political speech and would serve to limit the influence of individual taxpayers on the electoral process.