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Colorado Parachute Limited Gaming, Initiative 5 (1992)

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The Colorado Parachute Limited Gaming Initiative, also known as Initiative 5, was on the November 3, 1992 ballot in Colorado as an initiated constitutional amendment, where it was defeated. The measure would have allowed limited gaming in the city of Parachute under different rules than those applying to Central City, Black Hawk and Cripple Creek. It would have also prohibited limited gaming outside of Central City, Black Hawk, Cripple Creek and Parachute until 1 January 2000; fixed the maximum allowable state fees and taxes on limited gaming until 1 January 2000 at the levels established by the gaming commission as of 1 January 1992; and allocated fee and tax revenues from limited gaming in Parachute, in part to fund public schools.[1]

Election results

Colorado Initiative 5 (1992)
ResultVotesPercentage
Defeatedd No1,087,71372.41%
Yes 414,489 27.59%

Election results via: Colorado State Legislative Council, Ballot History

Text of measure

The language appeared on the ballot as:[1]

This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.

Shall there be an amendment to Article XVIII of the Colorado Constitution to permit limited gaming in the town of Parachute under conditions which may differ from those applicable to Central City, Black Hawk and Cripple Creek; to prohibit limited gaming outside of Central City, Black Hawk, Cripple Creek and Parachute until 1 January 2000; to fix the maximum allowable state fees and taxes on limited gaming until 1 January 2000 at the levels established by the gaming commission as of 1 January 1992; and to allocate fee and tax revenues from limited gaming in Parachute, in part to fund public schools?

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