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 #28

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.

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?

Hearing April 21, 2021

Single subject approved; staff draft amended; titles set.
Board members: Theresa Conley, Jason Gelender, LeeAnn Morrill
Hearing adjourned 11:08 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 2:51 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.