DALLAS -- Missouri voters on Tuesday overwhelmingly defeated a constitutional amendment to limit state taxes and spending, freeing up bond issues that had been put on hold and relieving fears that the state's public finance industry would suffer cuts.

In a vote that exceeded a 2-to-1 ratio, state residents failed to approve Amendment 7, also called the Hancock II amendment. The measure would have expanded the types of state fees and taxes included under the original tax and spending limitation measure approved in 1980.

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