Ba
llot History
Year:
1998
Ballot Number:
B
Short Title:
State Retention of Excess State Revenues
Ballot Title:
Shall the state of Colorado be permitted to annually retain up to two hundred million dollars of the state revenues in excess of the constitutional limitation on state fiscal year spending for the 1997-98 fiscal year and for four succeeding fiscal years for the purpose of funding school district capital construction projects, state and local transportation needs, and capital construction projects of state colleges and universities, notwithstanding any restriction on spending, revenues, or appropriations, including without limitation the restrictions of Section 20 of Article X of the state constitution and the statutory limitation on state general fund appropriations, and, in connection therewith, requiring annual transfers of such excess revenues for these purposes, specifying the allocation of such excess revenues for these purposes, specifying the fund to which a portion of the excess revenues is to be transferred for school district capital construction, establishing a special account in the capital construction fund to which a portion of the excess revenues is to be transferred for higher education capital construction, and specifying the allocation of the portion of the excess revenues transferred to the highway users tax fund for state and local transportation needs?
Election Results:
Rejected
Votes For
:
477,504
(
38.4%
)
Votes Against:
765,654
(
61.6%
)
Type of Change:
Statutory
Initiative/Referendum:
Referendum
Bill/Resolution #:
Election Results - SOS:
Categories: