Results for Proposed Initiative #13

Ballot Title Setting Board
2013-2014

 

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

SHALL STATE TAXES BE INCREASED BY $927,700,000 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 STATE INCOME TAX RATE ON INDIVIDUALS, ESTATES, AND TRUSTS; REQUIRING THE RESULTING TAX REVENUES BE SPENT ONLY FOR IMPROVEMENTS TO PRESCHOOL THROUGH TWELFTH-GRADE PUBLIC EDUCATION; FREEZING THE RESIDENTIAL ASSESSMENT RATE FOR PUBLIC SCHOOL PROPERTY TAXES ONCE IT IS REDUCED TO 7.9%; ALLOWING ALL TAX REVENUES ATTRIBUTABLE TO THIS MEASURE TO BE COLLECTED AND SPENT WITHOUT FUTURE VOTER APPROVAL; REQUIRING AT LEAST 44.7% OF STATE SALES, EXCISE, AND INCOME TAX REVENUES BE DEPOSITED IN THE STATE EDUCATION FUND; AND REPEALING CERTAIN EXISTING PUBLIC EDUCATION FUNDING REQUIREMENTS?

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

SHALL STATE TAXES BE INCREASED BY $927,700,000 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 STATE INCOME TAX RATE ON INDIVIDUALS, ESTATES, AND TRUSTS; REQUIRING THE RESULTING TAX REVENUES BE SPENT ONLY FOR IMPROVEMENTS TO PRESCHOOL THROUGH TWELFTH-GRADE PUBLIC EDUCATION; FREEZING THE RESIDENTIAL ASSESSMENT RATE FOR PUBLIC SCHOOL PROPERTY TAXES ONCE IT IS REDUCED TO 7.9%; ALLOWING ALL TAX REVENUES ATTRIBUTABLE TO THIS MEASURE TO BE COLLECTED AND SPENT WITHOUT FUTURE VOTER APPROVAL; REQUIRING AT LEAST 44.7% OF STATE SALES, EXCISE, AND INCOME TAX REVENUES BE DEPOSITED IN THE STATE EDUCATION FUND; AND REPEALING CERTAIN EXISTING PUBLIC EDUCATION FUNDING REQUIREMENTS?

 

Hearing April 17, 2013

Single subject approved; staff draft amended; titles set.
Hearing adjourned 12:41 PM

Rehearing April 26, 2013

Motion for Rehearing granted to the extent that the Board made changes to the title; denied in all other respects.
Hearing adjourned 10:30 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.