Ballot Title Setting Board
2023-2024

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

Funding available for counties, school districts, water districts, fire districts, and other districts funded, at least in part, by property taxes shall be impacted by a reduction of $2.2 billion in property tax revenue by an amendment to the Colorado constitution and a change to the Colorado Revised Statutes concerning a 3% annual limit on property tax increases, and, in connection therewith, creating an exception to the limit if a property's use changes or its square footage increases by more than 10%, in which case, the property is reappraised, and, beginning in fiscal year 2024-25, allowing the state to annually retain and spend up to $100 million of excess state revenue, if any, as a voter-approved revenue change to offset reduced property tax revenue and to reimburse local governments for fire protection.

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

Shall funding available for counties, school districts, water districts, fire districts, and other districts funded, at least in part, by property taxes shall be impacted by a reduction of $2.2 billion in property tax revenue by an amendment to the Colorado constitution and a change to the Colorado Revised Statutes concerning a 3% annual limit on property tax increases, and, in connection therewith, creating an exception to the limit if a property's use changes or its square footage increases by more than 10%, in which case, the property is reappraised, and, beginning in fiscal year 2024-25, allowing the state to annually retain and spend up to $100 million of excess state revenue, if any, as a voter-approved revenue change to offset reduced property tax revenue and to reimburse local governments for fire protection?

Hearing April 5, 2023

Single subject approved; staff draft amended; titles set.
The Board made a technical correction to the text of the initiative.
The Board determined that the proposed initiative requires the addition of language to the Colorado Constitution; a 55% vote is required to pass.
Board members: Theresa Conley, Kurt Morrison, Ed DeCecco
Hearing adjourned 10:30 AM.

Rehearing April 19, 2023

Motion for rehearing (Criswell) was denied in its entirety.
Motion for rehearing (Proponents) was denied in its entirety.
Board members: Theresa Conley, Eric Meyer, Ed DeCecco
Hearing adjourned 9:34 AM.

* Unofficially captioned "Limitation on Property Tax Increases" by legislative staff for tracking purposes. This caption is not part of the titles set by the Board.