Results for Proposed Initiative #80

Ballot Title Setting Board
2013-2014

 

The title as designated and fixed by the Board is as follows:

SHALL STATE TAXES BE INCREASED $107,600,000 ANNUALLY IN THE FIRST FULL FISCAL YEAR, AND BY SUCH AMOUNTS THAT ARE RAISED THEREAFTER, BY IMPOSING A NEW TAX ON AUTHORIZED HORSE RACETRACKS’ AND LIMITED GAMING ESTABLISHMENTS’ NET PROCEEDS FROM ON-SITE ELECTRONIC GAMING IN PART TO INCREASE FUNDING FOR K-12 EDUCATION, AMENDING THE COLORADO CONSTITUTION TO PERMIT ONE QUALIFIED HORSE RACETRACK IN EACH OF THE COUNTIES OF ARAPAHOE, MESA, AND PUEBLO AND LIMITED GAMING ESTABLISHMENTS IN CRIPPLE CREEK, BLACK HAWK, AND CENTRAL CITY TO OPERATE ELECTRONIC GAME MACHINES INCLUDING VIRTUAL SLOT MACHINES AND VIRTUAL TABLE GAME DEVICES, ALLOCATING APPROXIMATELY 95 PERCENT OF THE RESULTING TAX REVENUES TO A FUND TO PAY THE STATE’S ADMINISTRATIVE EXPENSES AND TO BE DISTRIBUTED TO SCHOOL DISTRICTS AND THE CHARTER SCHOOL INSTITUTE FOR LOCAL K-12 EDUCATION, AND ALLOCATING THE REMAINDER TO HOST COMMUNITIES?

The ballot title and submission clause as designated and fixed by the Board is as follows:

SHALL STATE TAXES BE INCREASED $107,600,000 ANNUALLY IN THE FIRST FULL FISCAL YEAR, AND BY SUCH AMOUNTS THAT ARE RAISED THEREAFTER, BY IMPOSING A NEW TAX ON AUTHORIZED HORSE RACETRACKS’ AND LIMITED GAMING ESTABLISHMENTS’ NET PROCEEDS FROM ON-SITE ELECTRONIC GAMING IN PART TO INCREASE FUNDING FOR K-12 EDUCATION, AMENDING THE COLORADO CONSTITUTION TO PERMIT ONE QUALIFIED HORSE RACETRACK IN EACH OF THE COUNTIES OF ARAPAHOE, MESA, AND PUEBLO AND LIMITED GAMING ESTABLISHMENTS IN CRIPPLE CREEK, BLACK HAWK, AND CENTRAL CITY TO OPERATE ELECTRONIC GAME MACHINES INCLUDING VIRTUAL SLOT MACHINES AND VIRTUAL TABLE GAME DEVICES, ALLOCATING APPROXIMATELY 95 PERCENT OF THE RESULTING TAX REVENUES TO A FUND TO PAY THE STATE’S ADMINISTRATIVE EXPENSES AND TO BE DISTRIBUTED TO SCHOOL DISTRICTS AND THE CHARTER SCHOOL INSTITUTE FOR LOCAL K-12 EDUCATION, AND ALLOCATING THE REMAINDER TO HOST COMMUNITIES?

 

Hearing March 19, 2014

Single subject approved; staff draft amended; titles set.
Hearing adjourned 3:05 PM

Rehearing April 2, 2014

Motion for Rehearing granted to the extent that the Board made changes to the title; denied in all other respects.
Hearing adjourned 2:30 PM.

 

* Unofficially captioned “Proceeds from Video Lottery Terminals for K-12 Education” by legislative staff for tracking purposes. This caption is not part of the titles set by the Board.