Colorado Secretary of State logo - cube with a C in it

Colorado
Secretary of State
Jena Griswold

Colorado Secretary of State logo - Colorado Secretary of State Jena Griswold

Picture of Secretary of State Jena Griswold

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Colorado Secretary of State logo - cube with a C in it

Colorado
Secretary of State
Jena Griswold

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Results for Proposed Initiative #27

Ballot Title Setting Board
2021-2022

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

A change to the Colorado Revised Statutes concerning property tax reductions, and, in connection therewith, reducing property tax revenue by an estimated $1.03 billion in 2023 and by comparable amounts thereafter by reducing the residential property tax assessment rate from 7.15% to 6.5% and reducing the property tax assessment rate for all other property, excluding producing mines and lands or leaseholds producing oil or gas, from 29% to 26.4% and allowing the state to annually retain and spend up to $25 million of excess state revenue, if any, for state fiscal years 2022-23 through 2026-27 as a voter-approved revenue change to offset lost revenue resulting from the property tax rate reductions and to reimburse local governments for revenue lost due to the homestead exemptions for qualifying seniors and disabled veterans.

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

Shall there be a change to the Colorado Revised Statutes concerning property tax reductions, and, in connection therewith, reducing property tax revenue by an estimated $1.03 billion in 2023 and by comparable amounts thereafter by reducing the residential property tax assessment rate from 7.15% to 6.5% and reducing the property tax assessment rate for all other property, excluding producing mines and lands or leaseholds producing oil or gas, from 29% to 26.4% and allowing the state to annually retain and spend up to $25 million of excess state revenue, if any, for state fiscal years 2022-23 through 2026-27 as a voter-approved revenue change to offset lost revenue resulting from the property tax rate reductions and to reimburse local governments for revenue lost due to the homestead exemptions for qualifying seniors and disabled veterans?

Hearing April 21, 2021

Single subject approved 2-1 (Conley); staff draft amended; titles set.
Board members: Theresa Conley, Jason Gelender, LeeAnn Morrill
Hearing adjourned 10:59 AM.

Rehearing April 30, 2021

Motion for Rehearing (Movants): denied.
Motion for Rehearing (proponent): granted only to the extent that the Board made changes to the titles.
Board members: Theresa Conley, Jason Gelender, LeeAnn Morrill
Hearing adjourned 2:47 PM.

 

* Unofficially captioned "Property Tax Assessment Rate Reduction and Voter-Approved Revenue Change" by legislative staff for tracking purposes. This caption is not part of the titles set by the Board.