MO HJR87

Submits to Missouri voters a constitutional amendment to article VI, section 26(b) regarding school district debt limitations, to be voted on at the general election on Tuesday following the first Monday in November 2014, or at a special election called by the governor.

Allows any county, city, incorporated town, village, or political subdivision to become indebted up to 5 percent of taxable tangible property value, while school districts may become indebted up to 15 percent.

Permits school districts in first class charter counties to exceed the 15 percent debt limit and become indebted up to 25 percent of taxable tangible property value with approval by a majority of qualified electors.

Requires a separate ballot question at the same election where voters approve the increased debt limit for school districts in first class charter counties, with voting thresholds of four-sevenths at general municipal, primary, or general elections and two-thirds at all other elections.