- Yes: I demand that the Federal Government immediately recognize the equality of my rights and responsibilities as an American citizen with statehood in permanent union with all the states of the Union.
- No: I reject permanent union with statehood and demand that the Federal Government immediately recognize the sovereignty of Puerto Rico separate from the United States of America with a "Treaty of Independence in Free Association" or with "Total Independence".
Notably, that excludes the status quo as an option. The part right after that says:
In case the statehood "No" ends up as the majority choice, you must
immediately start a process of transition to recognize the sovereignty
of Puerto Rico separate from the United States of America with a
"Treaty of Independence in Free Association" or with "Total
Independence", following the description in this law.
Sadly, this doesn't seem to be uncommon. In one city-level referendum I am personally familiar with, both sides of the referendum submitted an argument to be put into the election materials. The "Yes" side (loosen a safety regulation) drastically misrepresented the status quo, implying that there was no safety regulation to begin with, and that their referendum would create it. But in reality, the "Yes" vote would loosen an existing regulation.
You understand incorrectly. The question asked was:
“Should Puerto Rico be admitted immediately into the Union as a State? ( ) Yes ( ) No”