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> United States > Colorado > Colorado Initiatives > 2018 Initiatives > Proposition 109 (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 |
71.77% Registered
48.23% Total Population
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| Contributor | BrentinCO |
| Last Modified | BrentinCO December 05, 2018 08:47pm |
| Data Sources | [Link] |
| Description |
A Yes vote would require the state to borrow up to $3.5 billion in 2019 to fund up to 66 specific highway projects; direct the state to identify a source of funds to repay the borrowed amount without raising taxes or fees; and limit the total repayment amount, including principal and interest, to $5.2 billion over 20 years.
A No vote would reject funding for transportation projects.
Official text:
Shall state debt be increased $3,500,000,000, with a maximum repayment cost of $5,200,000,000, without raising taxes or fees, by a change to the Colorado revised statutes requiring the issuance of transportation revenue anticipation notes, and, in connection therewith, note proceeds shall be retained as a voter-approved revenue change and used exclusively to fund specified road and bridge expansion, construction, maintenance, and repair projects throughout the state?
Colorado Ballot Analysis [Link]
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1,472,933 (60.72%)
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