QUESTION 1: Shall Section 6 of Article X of the
Constitution of Virginia be amended to authorize
legislation that will permit localities to establish
their own income or financial worth limitations
for purposes of granting property tax relief for
homeowners not less than 65 years of age or
permanently and totally disabled?
QUESTION 2: Shall the Constitution be amended
to require the General Assembly to provide a
real property tax exemption for the principal
residence of a veteran, or his or her surviving
spouse, if the veteran has a 100 percent service connected,
permanent, and total disability?
QUESTION 3: Shall Section 8 of Article X of the
Constitution of Virginia be amended to increase
the permissible size of the Revenue Stabilization
Fund (also known as the "rainy day fund") from
10 percent to 15 percent of the Commonwealth's
average annual tax revenues derived from
income and retail sales taxes for the preceding
three fiscal years?