Results for Proposed Initiative #81

Ballot Title Setting Board
2013-2014

 

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

SHALL STATE TAXES BE INCREASED $120,700,000 ANNUALLY IN THE FIRST FULL FISCAL YEAR, AND BY SUCH AMOUNTS THAT ARE RAISED THEREAFTER, BY IMPOSING A NEW TAX ON AUTHORIZED HORSE RACETRACKS’ ADJUSTED GROSS PROCEEDS FROM LIMITED GAMING IN PART TO INCREASE FUNDING FOR K-12 EDUCATION, AMENDING THE COLORADO CONSTITUTION TO PERMIT LIMITED GAMING IN ADDITION TO PRE-EXISTING PARI-MUTUEL WAGERING AT ONE QUALIFIED HORSE RACETRACK IN EACH OF THE COUNTIES OF ARAPAHOE, MESA, AND PUEBLO, ALLOCATING APPROXIMATELY 94 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 $120,700,000 ANNUALLY IN THE FIRST FULL FISCAL YEAR, AND BY SUCH AMOUNTS THAT ARE RAISED THEREAFTER, BY IMPOSING A NEW TAX ON AUTHORIZED HORSE RACETRACKS’ ADJUSTED GROSS PROCEEDS FROM LIMITED GAMING IN PART TO INCREASE FUNDING FOR K-12 EDUCATION, AMENDING THE COLORADO CONSTITUTION TO PERMIT LIMITED GAMING IN ADDITION TO PRE-EXISTING PARI-MUTUEL WAGERING AT ONE QUALIFIED HORSE RACETRACK IN EACH OF THE COUNTIES OF ARAPAHOE, MESA, AND PUEBLO, ALLOCATING APPROXIMATELY 94 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 3:38 PM

Rehearing April 2, 2014

Motion for Rehearing denied except to the extent that the Board made changes to the titles.
Hearing adjourned 2:54 PM.

 

* Unofficially captioned “Horse Racetrack Limited Gaming Proceeds for K-12 Education” by legislative staff for tracking purposes. This caption is not part of the titles set by the Board.