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> United States > Colorado > Colorado Initiatives > 2018 Initiatives > Proposition 110 (Statutory)
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| Office | Referendum |
| Honorific | Referendum - Abbr: |
| Type | General Election |
| Filing Deadline | August 06, 2018 - 12:00pm Central |
| Polls Open | November 06, 2018 - 08:00am Central |
| Polls Close | November 06, 2018 - 08:00pm Central |
| Term Start | November 06, 2018 - 12:00pm |
| Term End | December 31, 9999 - 12:00pm |
| Turnout |
72.15% Registered
48.49% Total Population
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| Contributor | BrentinCO |
| Last Modified | BrentinCO December 05, 2018 08:48pm |
| Data Sources | [Link] |
| Description |
A Yes vote would increase the state’s sales and use tax rate from 2.9 percent to 3.52 percent for 20 years; and distribute the new tax revenue for transportation as follows: 45 percent to the state; 40 percent to local governments; and 15 percent for multimodal transportation projects; and permit the state to borrow up to $6.0 billion for transportation projects and limit the total repayment amount, including principal and interest, to $9.4 billion over 20 years.
A No vote would reject the change to taxation for transportation funding.
Official Text:
Shall state taxes be increased $766,700,000 annually for a twenty-year period, and state debt shall be increased $6,000,000,000 with a maximum repayment cost of $9,400,000,000, to pay for state and local transportation projects, and, in connection therewith, changing the Colorado revised statutes to: 1) increase the state sales and use tax rate by 0.62% beginning January 1, 2019; requiring 45% of the new revenue to fund state transportation safety, maintenance, and congestion related projects, 40% to fund municipal and county transportation projects, and 15% to fund multimodal transportation projects, including bike, pedestrian, and transit infrastructure; 2) authorize the issuance of additional transportation revenue anticipation notes to fund priority state transportation maintenance and construction projects, including multimodal capital projects; and 3) provide that all revenue resulting from the tax rate increase [More...]A Yes vote would increase the state’s sales and use tax rate from 2.9 percent to 3.52 percent for 20 years; and distribute the new tax revenue for transportation as follows: 45 percent to the state; 40 percent to local governments; and 15 percent for multimodal transportation projects; and permit the state to borrow up to $6.0 billion for transportation projects and limit the total repayment amount, including principal and interest, to $9.4 billion over 20 years.
A No vote would reject the change to taxation for transportation funding.
Official Text:
Shall state taxes be increased $766,700,000 annually for a twenty-year period, and state debt shall be increased $6,000,000,000 with a maximum repayment cost of $9,400,000,000, to pay for state and local transportation projects, and, in connection therewith, changing the Colorado revised statutes to: 1) increase the state sales and use tax rate by 0.62% beginning January 1, 2019; requiring 45% of the new revenue to fund state transportation safety, maintenance, and congestion related projects, 40% to fund municipal and county transportation projects, and 15% to fund multimodal transportation projects, including bike, pedestrian, and transit infrastructure; 2) authorize the issuance of additional transportation revenue anticipation notes to fund priority state transportation maintenance and construction projects, including multimodal capital projects; and 3) provide that all revenue resulting from the tax rate increase and proceeds from issuance of revenue anticipation notes are voter-approved revenue changes exempt from any state or local revenue, spending, or other limitations in law?
Colorado Ballot Analysis [Link][Less...] |
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1,448,535 (59.40%)
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