2010 State Ballot Issues of Interest
Proposition 101 - Statutory change
Would reduce motor vehicle registration fees to $10 per year, and reduce the current state income tax rate from 4.63% to 3.5%. Initial estimates claim this would further reduce state tax revenue by $1.2 billion and constrict the Highway Users Trust Fund – the main funding mechanism for highway construction and upkeep.
Amendment 60 - Constitutional amendment
Would make numerous changes to current property tax law, reviving many original TABOR provisions that have been voted away since 1992. The changes would siphon a local government tax revenue source, as well as create potentially unworkable state budget concerns due to preexisting education funding requirements.
Amendment 61 - Constitutional amendment
Would restrict state and municipal governments from holding or acquiring any debt financing (municipal bonding) without prior voter approval.
During CBA's May Government Affairs Committee meeting, the committee recommended to oppose each of the 2010 Ballot Initiatives. During the June CBA Board meeting, the board approved this suggestion resulting in CBA actively opposing each of these Ballot Initiatives. The Denver Post, Colorado Springs Gazette and Pueblo Chieftain have editorialized against these three measures. More information and links to editorials at the below link.