Colorado Initiative 2 (1978) was an initiated constitutional amendment, adding Article XA, on the November 7, 1978 election ballot in Colorado, where it was rejected. Article XA would have limited annual increases in per capita expenditures by the state and its political subdivisions.
| Colorado Initiative 2 (1978)|
|Yes|| 295,616|| 41.3%|
Election Results via: The Colorado Legislative Council
Text of measure
|| Shall the Constitution of the State of Colorado be amended by adding a new article XA limiting annual increases in per capita expenditures by the state and its political subdivisions to the percentage increase in the united states consumer price index, except when a larger increase is approved by the voters in the affected jurisdiction in a special election; providing a procedure for emergency expenditures; prohibiting the state from imposing any part of the cost of new or expanded state programs on political subdivisions; requiring adequate funding of new and existing benefit programs; and establishing a maximum limit on the surplus fund for the state and providing that excess revenues collected by the state be returned to the taxpayers?