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.
d
Election results
| Colorado Referendum B (1996) |
|---|
| Result | Votes | Percentage |
| d No | 765,654 | 61.59% |
| 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.
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