Ballot Title Setting Board
2017-2018

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

STATE TAXES SHALL BE INCREASED $715,100,000 ANNUALLY FOR A TWENTY-YEAR PERIOD, AND STATE DEBT SHALL BE INCREASED $3,500,000,000 WITH A MAXIMUM REPAYMENT COST OF $5,000,000,000, TO PAY FOR TRANSPORTATION PROJECTS IN COLORADO, AND IN CONNECTION THEREWITH, CHANGING THE COLORADO REVISED STATUTES TO: 1) INCREASE THE STATE SALES AND USE TAX RATE BY 0.62% BEGINNING JANUARY 1, 2018, OF WHICH 50% IS USED TO FUND STATE TRANSPORTATION PROJECTS, 35% IS USED TO FUND MUNICIPAL AND COUNTY TRANSPORTATION PROJECTS, AND 15% OF THE NEW REVENUE IS USED TO FUND MULTIMODAL TRANSPORTATION PROJECTS; 2) AUTHORIZE THE ISSUANCE OF ADDITIONAL TRANSPORTATION REVENUE ANTICIPATION NOTES TO FUND PRIORITY STATE TRANSPORTATION MAINTENANCE AND CONSTRUCTION PROJECTS; AND 3) PROVIDE THAT ALL REVENUE RESULTING FROM THE TAX RATE INCREASE, PROCEEDS FROM THE ISSUANCE OF REVENUE ANTICIPATION NOTES, AND EARNINGS ON SUCH TAX REVENUE AND NOTE PROCEEDS ARE VOTER-APPROVED REVENUE CHANGES EXEMPT FROM ANY LIMITATIONS IN LAW.

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

SHALL STATE TAXES BE INCREASED $715,100,000 ANNUALLY FOR A TWENTY-YEAR PERIOD, AND SHALL STATE DEBT BE INCREASED $3,500,000,000 WITH A MAXIMUM REPAYMENT COST OF $5,000,000,000, TO PAY FOR TRANSPORTATION PROJECTS IN COLORADO, AND IN CONNECTION THEREWITH, CHANGING THE COLORADO REVISED STATUTES TO: 1) INCREASE THE STATE SALES AND USE TAX RATE BY 0.62% BEGINNING JANUARY 1, 2018, OF WHICH 50% IS USED TO FUND STATE TRANSPORTATION PROJECTS, 35% IS USED TO FUND MUNICIPAL AND COUNTY TRANSPORTATION PROJECTS, AND 15% OF THE NEW REVENUE IS USED TO FUND MULTIMODAL TRANSPORTATION PROJECTS; 2) AUTHORIZE THE ISSUANCE OF ADDITIONAL TRANSPORTATION REVENUE ANTICIPATION NOTES TO FUND PRIORITY STATE TRANSPORTATION MAINTENANCE AND CONSTRUCTION PROJECTS; AND 3) PROVIDE THAT ALL REVENUE RESULTING FROM THE TAX RATE INCREASE, PROCEEDS FROM THE ISSUANCE OF REVENUE ANTICIPATION NOTES, AND EARNINGS ON SUCH TAX REVENUE AND NOTE PROCEEDS ARE VOTER-APPROVED REVENUE CHANGES EXEMPT FROM ANY LIMITATIONS IN LAW?

Hearing April 19, 2017

Single subject approved; staff draft amended; titles set.
Hearing adjourned 12:36 PM.

Rehearing April 28, 2017

Motion for Rehearing filed by Anthony Milo and James Moody denied; Motion for Rehearing filed by Dennis Polhill denied except to the extent that the Board made changes to the titles.
Hearing adjourned 12:57 PM.

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