Ballot Title Setting Board
2013-2014

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

SHALL STATE TAXES BE INCREASED $102,100,000 ANNUALLY IN THE FIRST FULL FISCAL YEAR, AND BY SUCH AMOUNTS THAT ARE RAISED THEREAFTER, BY IMPOSING A NEW TAX ON AUTHORIZED HORSE RACETRACKS’ NET PROCEEDS FROM THE OPERATION OF VIDEO LOTTERY TERMINALS TO INCREASE STATEWIDE FUNDING FOR K-12 EDUCATION, AND, IN CONNECTION THEREWITH, AMENDING THE COLORADO CONSTITUTION TO PERMIT ONE QUALIFIED HORSE RACETRACK IN EACH OF THE COUNTIES OF ARAPAHOE, MESA, AND PUEBLO TO OPERATE VIDEO LOTTERY TERMINALS, INCLUDING VIRTUAL SLOT MACHINES AND VIRTUAL TABLE GAME DEVICES; AUTHORIZING HOST COMMUNITIES TO IMPOSE IMPACT FEES ON HORSE RACETRACKS AUTHORIZED TO OPERATE VIDEO LOTTERY TERMINALS; ALLOWING ALL RESULTING REVENUE TO BE COLLECTED AND SPENT NOTWITHSTANDING ANY LIMITATIONS PROVIDED BY LAW; AND ALLOCATING THE RESULTING TAX REVENUES TO A FUND TO BE DISTRIBUTED TO SCHOOL DISTRICTS AND THE CHARTER SCHOOL INSTITUTE FOR K-12 EDUCATION?

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

SHALL STATE TAXES BE INCREASED $102,100,000 ANNUALLY IN THE FIRST FULL FISCAL YEAR, AND BY SUCH AMOUNTS THAT ARE RAISED THEREAFTER, BY IMPOSING A NEW TAX ON AUTHORIZED HORSE RACETRACKS’ NET PROCEEDS FROM THE OPERATION OF VIDEO LOTTERY TERMINALS TO INCREASE STATEWIDE FUNDING FOR K-12 EDUCATION, AND, IN CONNECTION THEREWITH, AMENDING THE COLORADO CONSTITUTION TO PERMIT ONE QUALIFIED HORSE RACETRACK IN EACH OF THE COUNTIES OF ARAPAHOE, MESA, AND PUEBLO TO OPERATE VIDEO LOTTERY TERMINALS, INCLUDING VIRTUAL SLOT MACHINES AND VIRTUAL TABLE GAME DEVICES; AUTHORIZING HOST COMMUNITIES TO IMPOSE IMPACT FEES ON HORSE RACETRACKS AUTHORIZED TO OPERATE VIDEO LOTTERY TERMINALS; ALLOWING ALL RESULTING REVENUE TO BE COLLECTED AND SPENT NOTWITHSTANDING ANY LIMITATIONS PROVIDED BY LAW; AND ALLOCATING THE RESULTING TAX REVENUES TO A FUND TO BE DISTRIBUTED TO SCHOOL DISTRICTS AND THE CHARTER SCHOOL INSTITUTE FOR K-12 EDUCATION?

Hearing April 17, 2014

Single subject approved; staff draft amended; titles set.
Hearing adjourned 11:59 AM.

Hearing April 24, 2014

Motion for Rehearing denied except to the extent that the Board made changes to the titles.
Hearing adjourned 10:19 AM.

* Unofficially captioned “Proceeds from Video Lottery Terminals for K-12 Education" by legislative staff for tracking purposes. This caption is not part of the titles set by the Board.