Ballot Title Setting Board
2013-2014

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

SHALL STATE TAXES BE INCREASED $991,600,000 ANNUALLY IN THE FIRST FULL FISCAL YEAR, AND BY SUCH AMOUNTS AS ARE RAISED THEREAFTER, BY AN AMENDMENT TO THE COLORADO CONSTITUTION CONCERNING AN INCREASE IN CERTAIN STATE INCOME TAXES FOR ADDITIONAL FUNDING FOR PRESCHOOL THROUGH TWELFTH GRADE PUBLIC EDUCATION, AND, IN CONNECTION THEREWITH, INCREASING STATE INCOME TAX RATES ON INDIVIDUAL TAXPAYERS, BY REPLACING THE CURRENT SINGLE-RATE INCOME TAX SYSTEM WITH A GRADUATED INCOME TAX, WHERE THOSE WHO EARN HIGHER INCOMES ARE TAXED AT HIGHER RATES; ALLOWING THE GENERAL ASSEMBLY TO ADJUST THE INCOME TIERS FOR INFLATION; REQUIRING THAT THE ADDITIONAL INCOME TAX REVENUES RESULTING FROM THE INCREASE BE DEPOSITED IN THE STATE EDUCATION FUND AND SPENT ONLY TO FUND PUBLIC SCHOOL EDUCATION; AND SPECIFYING THAT THE APPROPRIATION OF THE ADDITIONAL TAX REVENUES BE IN ADDITION TO AND NOT A SUBSTITUTE FOR MONEYS OTHERWISE APPROPRIATED FOR PRESCHOOL THROUGH TWELFTH GRADE PUBLIC EDUCATION, ADJUSTED ANNUALLY BY THE AGGREGATE ANNUAL PERCENTAGE CHANGE IN STUDENT ENROLLMENT?

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

SHALL STATE TAXES BE INCREASED $991,600,000 ANNUALLY IN THE FIRST FULL FISCAL YEAR, AND BY SUCH AMOUNTS AS ARE RAISED THEREAFTER, BY AN AMENDMENT TO THE COLORADO CONSTITUTION CONCERNING AN INCREASE IN CERTAIN STATE INCOME TAXES FOR ADDITIONAL FUNDING FOR PRESCHOOL THROUGH TWELFTH GRADE PUBLIC EDUCATION, AND, IN CONNECTION THEREWITH, INCREASING STATE INCOME TAX RATES ON INDIVIDUAL TAXPAYERS, BY REPLACING THE CURRENT SINGLE-RATE INCOME TAX SYSTEM WITH A GRADUATED INCOME TAX, WHERE THOSE WHO EARN HIGHER INCOMES ARE TAXED AT HIGHER RATES; ALLOWING THE GENERAL ASSEMBLY TO ADJUST THE INCOME TIERS FOR INFLATION; REQUIRING THAT THE ADDITIONAL INCOME TAX REVENUES RESULTING FROM THE INCREASE BE DEPOSITED IN THE STATE EDUCATION FUND AND SPENT ONLY TO FUND PUBLIC SCHOOL EDUCATION; AND SPECIFYING THAT THE APPROPRIATION OF THE ADDITIONAL TAX REVENUES BE IN ADDITION TO AND NOT A SUBSTITUTE FOR MONEYS OTHERWISE APPROPRIATED FOR PRESCHOOL THROUGH TWELFTH GRADE PUBLIC EDUCATION, ADJUSTED ANNUALLY BY THE AGGREGATE ANNUAL PERCENTAGE CHANGE IN STUDENT ENROLLMENT?

Hearing April 17, 2013

Single subject approved; staff draft amended; titles set.
Hearing adjourned 5:15 PM

Rehearing April 26, 2013

Motion for Rehearing granted; the Board amended the revenue impact estimate to reflect the corrected dollar amount provided to the Board by Legislative Council.
Hearing adjourned 11:11 AM

* Unofficially captioned “Public School Funding” by legislative staff for tracking purposes. This caption is not part of the titles set by the Board.