Colorado Referendum B
, also known as the State Retention of Excess State Revenues Act
, was on the November 3, 1998
election ballot in Colorado
as a legislatively-referred constitutional amendment
, where it was defeated
, with 38.4% of voters in favor.
| Colorado Referendum B (1996)|
|Yes|| 477,504|| 38.41%|
Election Results via: Colorado Legislative Council
Text of measure
The language that appeared on the ballot:
Proposed amendment to the Colorado Revised Statutes to allow the state to use the first $200 million of money in excess of the state constitution’s revenue limit for each of the next five years (up to $1 billion in total); require that the money be used for capital construction projects as follows: 50% for transportation, 30% for K-12 school construction, and 20% for higher education construction; require that the transportation money be shared by the state, counties, and cities, and that the state portion be spent toward completion of 28 specific statewide projects; and exclude the money in this proposal from state and local revenue and spending limits.