Ballot Title Setting Board
2023-2024

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

DISTRICT TAXES SHALL BE INCREASED BY $300 MILLION ANNUALLY IN 1 ORDER TO INCREASE OR IMPROVE LEVELS OF PUBLIC SERVICE PROVIDED 2 THROUGH PROPERTY TAXES BY A CHANGE TO THE COLORADO REVISED 3 STATUTES CREATING A CONDITIONAL INCREASE IN THE ASSESSMENT RATE FOR 4 CERTAIN NONRESIDENTIAL PROPERTY, AND, IN CONNECTION THEREWITH, FOR 5 PROPERTY TAX YEARS BEGINNING ON OR AFTER JANUARY 1, 2026, IN WHICH THE 6 LOCAL SHARE OF THE TOTAL STATEWIDE FUNDING FOR PUBLIC SCHOOLS FALLS 7 BELOW 50%, INCREASING THE ASSESSMENT RATE ON CERTAIN NONRESIDENTIAL 8 PROPERTY TO 32% OF THE ACTUAL VALUE OF THE PROPERTY, AND EXEMPTING 9 FROM THE INCREASED ASSESSMENT RATE “SMALL BUSINESS PROPERTY” AS 10 DEFINED IN THE MEASURE.

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

SHALL DISTRICT TAXES SHALL BE INCREASED BY $300 MILLION ANNUALLY 14 IN ORDER TO INCREASE OR IMPROVE LEVELS OF PUBLIC SERVICE PROVIDED 15 THROUGH PROPERTY TAXES BY A CHANGE TO THE COLORADO REVISED 16 STATUTES CREATING A CONDITIONAL INCREASE IN THE ASSESSMENT RATE FOR 17 CERTAIN NONRESIDENTIAL PROPERTY, AND, IN CONNECTION THEREWITH, FOR 18 PROPERTY TAX YEARS BEGINNING ON OR AFTER JANUARY 1, 2026, IN WHICH THE 19 LOCAL SHARE OF THE TOTAL STATEWIDE FUNDING FOR PUBLIC SCHOOLS FALLS 20 BELOW 50%, INCREASING THE ASSESSMENT RATE ON CERTAIN NONRESIDENTIAL 21 PROPERTY TO 32% OF THE ACTUAL VALUE OF THE PROPERTY, AND EXEMPTING 22 FROM THE INCREASED ASSESSMENT RATE “SMALL BUSINESS PROPERTY” AS 23 DEFINED IN THE MEASURE?

Hearing April 18, 2024

Single subject approved; staff draft amended; titles set.
The Board made technical corrections to the text of the initiative.
Board members: Theresa Conley, Christy Chase, Kurt Morrison
Hearing adjourned 6:39 PM.

Rehearing April 26, 2024

Motion for rehearing (Davia, Field) denied in its entirety.
The Board made technical changes to the title to reflect the language required by section 20 (3)(c) of article X of the Colorado Constitution.
Board members: Theresa Conley, Christy Chase, Kurt Morrison
Hearing adjourned: 1:25 PM.

* Unofficially captioned "Adjustment to Nonresidential Assessment Rate for School Funding" by legislative staff for tracking purposes. This caption is not part of the titles set by the Board.