Credit Implications Are Limited In A Light Year For Election Ballot Measures Oct 07

Standard & Poors, October 2007

Abstract
The slate of state ballot measures this November is much smaller than in 2006, which was the third busiest in U.S. history. Key topics this year include bond issuance, school funding, and state finance. Standard & Poor's Ratings Services does not believe that any single ballot measure poses an immediate credit concern for state or local government ratings. The 33 measures for the Nov. 6 election are lower than the 39 measures in 2005, the previous year without elections for national-level offices, and include just four measures placed by citizen petition, according to the Initiatives and Referendum Institute (IRI). In an echo of California's ('A+/Positive') approval of GO bonds to launch a stem cell research institution in 2004, voters in...

Companies mentioned in this report are:
- Virginia
- Utah
- Texas
- Oregon
- New Jersey
- Maine
- Louisiana
- California
- Fairfax Cnty
- Loudoun Cnty
- King Cnty
- Seattle
- Alabama
- Washington
- Pittsylvania Cnty
- Waynesboro

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Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.

- Virginia
- Utah
- Texas
- Oregon
- New Jersey
- Maine
- Louisiana
- California
- Fairfax Cnty
- Loudoun Cnty
- King Cnty
- Seattle
- Alabama
- Washington
- Pittsylvania Cnty
- Waynesboro

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