Colorado voters to decide on seven voting initiatives in November


DENVER – Colorado voters will have a long ballot in November.

The Secretary of State’s office is currently finalizing the ballot. Voters will decide on a total of seven citizen voting initiatives. Five are legislative amendments and two are constitutional amendments.

Voters will decide the following questions, led by citizens:

Amendment 73: Funding of schools

If passed, Amendment 73 would amend the state constitution to increase taxes on the income of corporations, those earning more than $ 150,000 per year and those earning more than $ 500,000 per year.

  • Those who earn $ 150,000: Income taxes rise 0.37 percent
  • Those who earn $ 500,000: Income taxes increase by 3.62%
  • Corporate tax rate increases by 1.37%

The money from the taxes would go into a new fund that would be distributed to school districts. The districts would then decide how to spend the money received from this plan.

The proposal would also freeze the property tax assessment rate for homeowners and businesses from 7.2% to 7.0% and 29 to 24% respectively.

If you would like to see the impact this would have on your property taxes, click on here.

If passed, the proposal would bring in $ 1.6 billion a year to school districts across the state.

CLICK HERE for the full text.

Read Alasyn Zimmerman’s News5 report on Amendment 73

Proposition 112: Withdrawal requirement for oil and gas development

If passed, the measure would require all new oil and gas development sites to be a minimum of 2,500 feet from occupied buildings and “vulnerable areas.”

The measure restricts exploration, hydraulic fracturing, drilling, production, processing, pipelines and waste treatment from oil and gas activities.

Vulnerable areas refer to places such as playgrounds, sports fields, amphitheatres, public parks, open spaces, sources of drinking water, irrigation canals, lakes, rivers, streams and “any additional areas designated by state or local government”.

It would also apply the 2,500-foot buffer zone to the re-entry of an oil and gas well that has already been plugged or abandoned.

CLICK HERE for the full text.

Read Alasyn Zimmerman’s News5 report on Proposition 112

Amendment 74: Fair compensation for reduction in fair market value by law or government regulation

This initiative calls on Colorado landowners to be compensated for any reduction in property values ​​caused by state laws or regulations.

The question says that the compensation would be determined by a council of commissioners or by a jury.

CLICK HERE for more information and to access the original documents.

Read Alasyn Zimmerman’s News5 report on Amendment 74

Proposition 111: Regulation of payday loans

If passed, Proposition 111 calls on the state to cap the maximum interest rate payday lenders can charge at 36% and would regulate the charging of payday lenders’ fees.

Currently, payday lenders can charge a maximum interest rate of 45%. According to most recent data from the Colorado attorney general’s office, some 448,792 people borrowed money from payday lenders in 2015. For an average loan of $ 400, borrowers paid about $ 30 in interest, $ 35 in origination fees. and $ 45 in monthly maintenance fees. Based on the GA’s calculations, this $ 111 in finance charge represents an effective annual percentage rate of 117%.

The initiative also sets out a requirement that the lender repay a pro rata portion of the finance charge based on the time remaining before the loan reaches maturity.

CLICK HERE for the final text.

Read Alasyn Zimmerman’s News5 report on Proposition 111

Proposition 109: “Fix our bloody roads”

If passed, Proposition 109 known as “Fix our Damn Roads” would require the state to borrow $ 3.5 billion in bonds to finance construction projects with the highest priority on CDOT’s list. The proposal also calls on state lawmakers to devote a minimum of 2% of general fund spending to repaying project debt until it is fully paid.

The proposal details the following projects that would be funded in southern Colorado:

  • Construction of a flow-through intersection (similar to the intersection of Woodmen and Union) on Constitution Powers Boulevard in North Carefree
  • Drainage and intersection improvements for Highway 24, from I-25 to Woodland Park
  • Widen I-25 south of S. Academy Boulevard to the Lake Avenue exit to a total of six lanes
  • Build a new interchange on Powers Boulevard and Reseach Drive
  • Widen U.S. Highway 50 to four lanes with shoulders, passing lanes and other security enhancements at the Kansas border
  • Widen US Highway 50 west of Pueblo from two to three lanes
  • Widen shoulders and improve safety on Highway 67 from Divide to Victor
  • Replace and widen the Rock Creek Bridge on Route 115

CLICK HERE for a link to the full text and the full list of projects that would be funded in Colorado.

Read Alasyn Zimmerman’s News5 report on Proposition 109

Proposition 110: Increase the sales tax to finance transport projects

If passed, Proposition 110 would increase Colorado’s sales and use tax from 2.9% to 3.52% over the next 20 years to fund transportation projects statewide.

Under the proposal, the state would incur debt of $ 6 billion to finance the project. The sales tax would collect around $ 766.7 million per year to reimburse it.

Forty-five percent of the money would go to security, maintenance and projects to reduce congestion. Forty percent of the money would help fund municipal and county transportation projects. Fifteen percent would go to “multimodal” projects for pedestrians, bicycles and public transport.

CLICK HERE for the full text.

Read Alasyn Zimmerman’s News5 report on Proposition 110

The CDOT also provided an analysis comparing Initiative 167 (Proposition 109), 153 (Proposition 110) and other transport financing measures approved by the state legislature.

The CDOT compared what could happen to the financing of transport if Initiative 153 or 167 is adopted.

Amendment 75: Reform of campaign financing

If passed, Amendment 75 would change campaign finance rules in Colorado to allow candidates to raise more money through individual contributions if their opponent donates $ 1 million or more to their campaign. own campaign committee.

The initiative would allow candidates running against an opponent who donates $ 1 million to accept individual contributions for a primary or general election at five times the current rate.

For this to pass, 55% of Colorado voters must approve the measure.

CLICK HERE for the full text.

The Blue Book 2018 is the most recent blue book published by the Legislative Council staff.

Blue Book 2018 analysis of voting initiatives

Tax impact of the 2018 Blue Book


Comments are closed.