Colorado Initiative 122 (2008)
Initiative 122 or the Limited Gaming Initiative would allow the general assembly or voters in the cities that permit limited gaming to extend the hours of limited gaming operations; to add roulette, craps, or both to the allowed games; and to increase the maximum bet up to $100.
The extra tax revenue generated by the changes would be required to be distributed 22% to the cities where limited gaming exists for gaming impacts and 78% for student financial aid for higher education. Any increases in gaming taxes would have to be approved by a statewide vote.
In this propososal, as opposed to the almost identical [[Colorado Initiative 121 (2008)|Initiative 121]], only institutions of higher learning operating by January 1, 2008 could receive funds.
This measure is a citizen-initiated constitutional amendment.
The official ballot title reads:
An amendment to the Colorado constitution concerning voter-approved revisions to limited gaming, and, in connection therewith, allowing the local voters in Central City, Black Hawk, and Cripple Creek to extend casino hours of operation, approved games to include roulette and craps or both, and maximum single bets up to $100; adjusting distributions to current gaming fund recipients for inflation; distributing 78% of the remaining gaming tax revenue from this amendment for student financial aid and classroom instruction at community colleges, distributed according to the proportion of their respective student enrollments, and 22% for local gaming impacts in Gilpin and Teller counties and the cities of Central City, Black Hawk, and Cripple Creek, distributed according to the proportion of increased tax revenue from voter-approved revisions in each city or county; and requiring any increase in gaming taxes from the levels imposed as of January 1, 2008 to be approved at a statewide election, if local voters in one or more cities have approved any revision to limited gaming.
This measure is sponsored by Shawn Michael Olsen and Richard Evans.
None yet identified.
The measure was withdrawn by proponents.
- Procedures for qualifying an initiative in Colorado
- Laws governing the initiative process in Colorado
- Campaign finance requirements for Colorado ballot measures
- Colorado 2008 ballot measures
- Petition drive deadlines in 2008
- Colorado signature requirements