Proposal 3 | Exclusion of Indebtedness Contracted for Sewage Facilities [View all]

[hrmjustin]

The proposed amendment to Article 8, section 5 of the Constitution would extend for ten years, until January 1, 2024, the authority of counties, cities, towns, and villages to exclude from their constitutional debt limits indebtedness contracted for the construction or reconstruction of sewage facilities. Shall the proposed amendment be approved?

The State Constitution places limits on the debts that may be incurred by counties, cities, towns, and villages. Currently, debts incurred between 1962 through the end of this year for the construction or reconstruction of sewage facilities are exempt from constitutional debt limits. The proposal would extend this exemption for another ten years, to include all such debts incurred through the end of 2023.

http://www.nyccfb.info/public/voter-guide/general_2013/ballot_proposals.aspx#Proposal3