Results for Proposed Initiative #26

Ballot Title Setting Board
2013-2014

 

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

SHALL STATE TAXES BE INCREASED BY $950,100,000 ANNUALLY IN THE FIRST FULL FISCAL YEAR AND BY SUCH AMOUNTS AS ARE RAISED THEREAFTER BY AMENDMENTS TO THE COLORADO CONSTITUTION AND THE COLORADO REVISED STATUTES CONCERNING FUNDING FOR PRESCHOOL THROUGH TWELFTH-GRADE PUBLIC EDUCATION, AND, IN CONNECTION THEREWITH, INCREASING THE CURRENT STATE INCOME TAX RATE ON INDIVIDUALS, ESTATES, AND TRUSTS AND IMPOSING AN ADDITIONAL RATE SO HIGHER AMOUNTS OF INCOME ARE TAXED AT HIGHER RATES; REQUIRING THE RESULTING INCREASES IN TAX REVENUES BE SPENT ONLY FOR EDUCATIONAL REFORMS AND PROGRAMMATIC ENHANCEMENTS FOR PRESCHOOL THROUGH TWELFTH-GRADE PUBLIC EDUCATION; AND ALLOWING ALL TAX REVENUES ATTRIBUTABLE TO THIS MEASURE TO BE COLLECTED AND SPENT WITHOUT FUTURE VOTER APPROVAL?

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

SHALL STATE TAXES BE INCREASED BY $950,100,000 ANNUALLY IN THE FIRST FULL FISCAL YEAR AND BY SUCH AMOUNTS AS ARE RAISED THEREAFTER BY AMENDMENTS TO THE COLORADO CONSTITUTION AND THE COLORADO REVISED STATUTES CONCERNING FUNDING FOR PRESCHOOL THROUGH TWELFTH-GRADE PUBLIC EDUCATION, AND, IN CONNECTION THEREWITH, INCREASING THE CURRENT STATE INCOME TAX RATE ON INDIVIDUALS, ESTATES, AND TRUSTS AND IMPOSING AN ADDITIONAL RATE SO HIGHER AMOUNTS OF INCOME ARE TAXED AT HIGHER RATES; REQUIRING THE RESULTING INCREASES IN TAX REVENUES BE SPENT ONLY FOR EDUCATIONAL REFORMS AND PROGRAMMATIC ENHANCEMENTS FOR PRESCHOOL THROUGH TWELFTH-GRADE PUBLIC EDUCATION; AND ALLOWING ALL TAX REVENUES ATTRIBUTABLE TO THIS MEASURE TO BE COLLECTED AND SPENT WITHOUT FUTURE VOTER APPROVAL?

 

Hearing April 17, 2013

Single subject approved; staff draft amended; titles set.
Hearing adjourned 2:15 PM


Rehearing April 26, 2013

Motion for Rehearing filed by Brillante & Stokes granted; the Board amended the revenue impact estimate to reflect the corrected dollar amount provided to the Board by Legislative Council.
Hearing adjourned 10:55 AM

 

* Unofficially captioned “Funding for Public Schools” by legislative staff for tracking purposes. This caption is not part of the titles set by the Board.