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Colorado Retention of Excess State Revenues, Referendum B (1998)

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The Colorado Retention of Excess State Revenues Referendum, also known as Referendum B, was on the November 3, 1998 ballot in Colorado as a legislatively-referred state statute, where it was defeated. The measure would have allowed to state to keep up to two hundred million dollars in excess revenue for the funding of school district capital construction projects, state and local transportation needs and capital construction projects of state colleges and universities.[1]

Election results

Colorado Referendum B (1996)
ResultVotesPercentage
Defeatedd No765,65461.59%
Yes 477,504 38.41%

Election results via: Colorado Legislative Council, Ballot History

Text of measure

The language appeared on the ballot as:[1]

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?[2]

See also

External links

References

  1. 1.0 1.1 Colorado State Legislative Council, "Ballot History," accessed February 24, 2014
  2. Note: This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.