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Colorado Amendment 78, Custodial Fund Appropriations Initiative (2021)
Colorado Amendment 78 | |
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Election date November 2, 2021 | |
Topic State and local government budgets, spending and finance | |
Status![]() | |
Type Amendment & Statute | Origin Citizens |
2021 measures |
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November 2 |
Colorado Amendment 78 ![]() |
Colorado Proposition 119 ![]() |
Colorado Proposition 120 ![]() |
Polls |
Voter guides |
Campaign finance |
Signature costs |
Colorado Amendment 78, the Custodial Fund Appropriations Initiative, was on the ballot in Colorado as a combined initiated constitutional amendment and state statute on November 2, 2021. It was defeated.
A "yes" vote supported amending the state constitution and state law to transfer the power to appropriate custodial funds (certain state revenue not generated through taxes) from the state treasurer to the state legislature and requiring opportunities for public comment during public hearings for appropriations of such funds. |
A "no" vote opposed transferring the power to appropriate custodial funds from the state treasurer to the state legislature. |
Election results
Colorado Amendment 78 |
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Result | Votes | Percentage | ||
Yes | 646,983 | 43.03% | ||
856,704 | 56.97% |
Overview
What would Amendment 78 have done?
- See also: Text measure
The initiative would have transferred the power to appropriate custodial funds from the state treasurer to the state legislature. Examples of such funds include pension funds and court-approved settlement funds. The measure would have defined custodial money as money received by the state that (1) originated from a source other than the State of Colorado, (b) was awarded or provided to the state for a particular purpose, and (c) that the state is acting as a custodian or trustee to carry out the purpose for which the funds were provided.[1][2]
The initiative would have created the Custodial Fund Transparency Account within the Department of the Treasury. The account would have received all custodial funds and the general assembly would have been responsible for appropriating the funds for purposes as specified by law "on an equitable basis for the benefit of the state." Funds appropriated from the account would have been appropriated in a public hearing with opportunities for public comment.[2]
Custodial funds, including interest revenue on the funds, would have been retained and spent as a voter-approved revenue change and would have been exempt from revenue and spending limitations under TABOR.[2]
The measure would have taken effect on July 1, 2022.[2]
Who was behind the campaigns surrounding Amendment 78?
- See also: Support, Opposition, and Campaign finance
The Committee for Spending Transparency led the campaign in support of the initiative. Michael Fields, Executive Director of Colorado Rising Action, sponsored the initiative. The committee reported $1.275 million in contributions from Unite for Colorado. The committee reported expenditures totaling $1.275 million. The committee paid $1.23 million to Blitz Canvassing for signature gathering. Michael Fields said, "I think [Initiative 19 was] relevant this year because of all the COVID money the governor spent, the money he’s getting from companies to hire staff and the settlements coming into the AG’s office. The legislature should be deciding how to spend that. There is always extra money in there, and it sits in the bank for a very long time, gathering interest. Millions get spent how they want."
Scott Wasserman, President of the Bell Policy Center, opposes the measure. Wasserman said, "If it passes, Amendment 78 will open our state up to unending shenanigans and showdowns. At a minimum, it will slow down federal relief in times of crisis. At worst, it could bring Washington-style stalemate politics to Colorado. Right now, there are hundreds of types of dollars that pass through the state treasurer’s office and to their intended purposes. This is how our government operates throughout the year. Under existing law, state agencies and governmental entities (like our public universities) are already authorized to spend these dollars according to terms dictated by their source. ... But if Amendment 78 passes, this efficiency and speed will end. We’ll need a special session every time a natural disaster occurs. Beyond simply doubling the work our part-time legislature must do, it will create numerous opportunities for legislators to object to the role federal dollars play in our state. Health care dollars, transportation and transit funding, conservation funding, funding for scientific research -- this is what we are talking about when we talk about the funds affected by Amendment 78." Ballotpedia did not identify ballot measure committees registered to oppose the measure.
How did Amendment 78 get on the ballot?
- See also: Colorado Taxpayer's Bill of Rights (TABOR) and Path to the ballot
Measures that can go on the ballot during odd years are limited to topics that concern taxes or state fiscal matters arising under TABOR, the Taxpayer's Bill of Rights (Section 20 of Article X of the Colorado Constitution). This requirement was added to state statute in 1994.[3]
Proponents submitted 195,911 signatures. On August 31, 2021, the Colorado Secretary of State announced that 135,601 were projected to be valid. To qualify, 124,632 valid signatures were required. Since the measure proposes to amend the state constitution as well as state law, signatures from two percent of the registered voters who live in each of the state's 35 senate districts were also required. The sponsoring committee paid $1.13 million to Blitz Canvassing for signature gathering.[4]
Text of measure
Ballot title
The ballot title was as follows:[1]
“ | Shall there be an amendment to the Colorado Constitution and a change to the Colorado Revised Statutes concerning money that the state receives, and, in connection therewith, requiring all money received by the state, including money provided to the state for a particular purpose, known as custodial money, to be subject to appropriation by the general assembly after a public hearing; repealing the authority to disburse money from the state treasury by any other means; requiring all custodial money to be deposited into the newly created custodial funds transparency fund and the earnings on those deposits to be transferred to the general fund; and allowing the state to retain and spend all custodial money and earnings and revenue on that custodial money as a voter-approved revenue change?[5] | ” |
Full text
The full text of the ballot initiative is below:[6]
Fiscal impact statement
The fiscal impact statement provided in the Colorado Blue Book was as follows:[7]
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Readability score
- See also: Ballot measure readability scores, 2021
Using the Flesch-Kincaid Grade Level (FKGL and Flesch Reading Ease (FRE) formulas, Ballotpedia scored the readability of the ballot title and summary for this measure. Readability scores are designed to indicate the reading difficulty of text. The Flesch-Kincaid formulas account for the number of words, syllables, and sentences in a text; they do not account for the difficulty of the ideas in the text. The Colorado Title Board wrote the ballot language for this measure.
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Support
The Committee for Spending Transparency led the campaign in support of the initiative.[8]
Supporters
Political Parties
Organizations
Arguments
Official arguments
The official arguments provided in the Colorado Blue Book were as follows:[7]
Opposition
Opponents
Officials
- State Senator Chris Hansen (D)
Political Parties
Individuals
- Scott Wasserman - President of the Bell Policy Center
Arguments
Official arguments
The official arguments provided in the Colorado Blue Book were as follows:[7]
Media editorials
- See also: 2021 ballot measure media endorsements
Ballotpedia lists the positions of media editorial boards that support or oppose ballot measures. This does not include opinion pieces from individuals or groups that do not represent the official position of a newspaper or media outlet. Ballotpedia includes editorials from newspapers and outlets based on circulation and readership, political coverage within a state, and length of publication. You can share media editorial board endorsements with us at editor@ballotpedia.org.
Support
Opposition
Campaign finance
The Committee for Spending Transparency registered as an issue committee to support the initiative. The committee reported $1.275 million in contributions from Unite for Colorado. The committee reported expenditures totaling $1.275 million. The committee paid $1.23 million to Blitz Canvassing for signature gathering.[8]
Cash Contributions | In-Kind Contributions | Total Contributions | Cash Expenditures | Total Expenditures | |
---|---|---|---|---|---|
Support | $1,275,000.00 | $0.00 | $1,275,000.00 | $1,275,000.00 | $1,275,000.00 |
Oppose | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
Total | $1,275,000.00 | $0.00 | $1,275,000.00 | $1,275,000.00 | $1,275,000.00 |
Support
The following table includes contribution and expenditure totals for the committee in support of the initiative.[8]
Committees in support of Amendment 78 | |||||
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Committee | Cash Contributions | In-Kind Contributions | Total Contributions | Cash Expenditures | Total Expenditures |
The Committee for Spending Transparency | $1,275,000.00 | $0.00 | $1,275,000.00 | $1,275,000.00 | $1,275,000.00 |
Total | $1,275,000.00 | $0.00 | $1,275,000.00 | $1,275,000.00 | $1,275,000.00 |
Donors
Unite for Colorado gave 100% of the contributions to the support committee.
Donor | Cash Contributions | In-Kind Contributions | Total Contributions |
---|---|---|---|
Unite for Colorado | $1,275,000.00 | $0.00 | $1,275,000.00 |
Opposition
If you are aware of a committee registered to oppose this measure, please send an email with a link to editor@ballotpedia.org.
Methodology
To read Ballotpedia's methodology for covering ballot measure campaign finance information, click here.
Background
Colorado Taxpayer's Bill of Rights (TABOR)
Measures that can go on the ballot during odd years are limited to topics that concern taxes or state fiscal matters arising under TABOR, the Taxpayer's Bill of Rights (Section 20 of Article X of the Colorado Constitution).
The Colorado Taxpayer's Bill of Rights (TABOR) requires voter approval for all new taxes, tax rate increases, extensions of expiring taxes, mill levy increases, valuation for property assessment increases, or tax policy changes resulting in increased tax revenue. The Colorado Taxpayer's Bill of Rights was passed by voters in 1992 as Initiative 1. The measure was approved by a vote of 53.68% to 46.32%. The measure was sponsored by Colorado activist Douglas Bruce (R).[9][10]
TABOR limits the amount of money the state of Colorado can take in and spend. It limits the annual increase for some state revenue to inflation plus the percentage change in state population. Any money collected above this limit is refunded to taxpayers unless the voters allow the state to spend it.
Referendum C of 2005
Referendum C, approved by voters in 2005, authorized the state to retain and spend all of the money it collected above the TABOR limit on healthcare, public education, transportation projects, and local fire and police pensions for five years beginning with fiscal year (FY) 2005-06. During these five years, Colorado residents did not receive the refunds they would have otherwise received under TABOR. After the five-year period, referred to as "the timeout period," Referendum C authorized the state to permanently retain and spend revenue up to a cap, referred to as "the Referendum C cap" (equaling FY 2007-08 revenues adjusted by inflation plus population growth), beginning in FY 2010-11.[11][12][13]
When state voters approve a tax increase or other revenue change, the resulting revenues are exempt from the TABOR limit on fiscal year spending. Below is a chart by the Colorado Legislative Council Staff detailing revenue limits under TABOR:[14]
TABOR ballot measures
Since 1992, when TABOR was adopted, through 2020, Colorado voters have decided on 22 statewide ballot measures that would have increased revenue for the state, which required voter approval under TABOR.
- Five measures asked voters if the state could retain revenue that would have otherwise been refunded to taxpayers under TABOR;
- Five measures asked voters to adopt a new tax;
- Two measures asked voters to eliminate a tax exemption (thereby raising state revenue);
- Eight measures asked voters to adopt a tax increase;
- One measure asked voters to adopt a tax increase and new tax; and
- One measure asked voters to adopt a tax increase and eliminate a tax exemption.
Six (27%) of the 22 measures were approved while 16 (73%) were defeated.
The six measures that were approved are as follows:
- Colorado Tobacco Tax Increase for Health-Related Purposes, Initiative 35 (2004);
- Colorado State Business Income Tax Deduction Limit, Referendum H (2006);
- Colorado Proposition AA, Taxes on the Sale of Marijuana (2013);
- Colorado Marijuana TABOR Refund Measure, Proposition BB (2015);
- Colorado Proposition DD, Legalize Sports Betting with Tax Revenue for Water Projects Measure (2019); and
- Colorado Proposition EE, Tobacco and E-Cigarette Tax Increase for Health and Education Programs Measure (2020).
In addition to the above measures, Referendum C, approved by voters in 2005, authorized the state to retain and spend all of the money it collected above the TABOR limit on healthcare, public education, transportation projects, and local fire and police pensions for five years beginning with fiscal year (FY) 2005-06.
Path to the ballot
The state process
In Colorado, the number of signatures required to qualify an initiated constitutional amendment for the ballot is equal to 5 percent of the total number of votes cast for the office of Colorado secretary of state in the preceding general election. For initiated constitutional amendments, signature gathering must be distributed to include signatures equal to 2 percent of the registered voters who live in each of the state's 35 senate districts.
State law provides that petitioners have six months to collect signatures after the ballot language and title are finalized. State statutes require a completed signature petition to be filed three months and three weeks before the election at which the measure would appear on the ballot. The Constitution, however, states that the petition must be filed three months before the election at which the measure would appear. The secretary of state generally lists a date that is three months before the election as the filing deadline.
Constitutional amendments in Colorado require a 55% supermajority vote to be ratified and added to the state constitution. This requirement was added by Amendment 71 of 2016.
The requirements to get an initiated constitutional amendment certified for the 2021 ballot:
- Signatures: 124,632 valid signatures
- Deadline: August 2, 2021
The secretary of state is responsible for signature verification. Verification is conducted through a review of petitions regarding correct form and then a 5 percent random sampling verification. If the sampling projects between 90 percent and 110 percent of required valid signatures, a full check of all signatures is required. If the sampling projects more than 110 percent of the required signatures, the initiative is certified. If less than 90 percent, the initiative fails.
Details about this initiative
- Michael Fields, Executive Director of Colorado Rising Action, and Suzanne Taheri filed the initiative, known as Initiative #19, on March 25, 2021. Ballot language was provided for the measure on April 7, 2021.[1]
- On August 31, 2021, the Colorado Secretary of State announced that the initiative qualified for the ballot. The Secretary of State found that, of the 195,911 signatures submitted, 135,601 were projected to be valid. To qualify, 124,632 signatures needed to be valid. Since the measure proposes to amend the state constitution as well as state law, signatures from two percent of the registered voters who live in each of the state's 35 senate districts were also required.[4]
Signature gathering cost
Sponsors of the measure hired Blitz Canvassing to collect signatures for the petition to qualify this measure for the ballot. A total of $1,230,369.55 was spent to collect the 124,632 valid signatures required to put this measure before voters, resulting in a total cost per required signature (CPRS) of $9.87.
Lawsuit
Lawsuit overview | |
Issue: Whether the amendment is substantially related to Colorado's Taxpayer's Bill of Rights (TABOR) in order to appear on the 2021 ballot, which is limited to topics that concern taxes or state fiscal matters arising under TABOR | |
Court: Denver District Court | |
Plaintiff(s): Scott Wasserman of the Bell Policy Center and Summit County Commissioner Tamara Pogue | Defendant(s): Colorado Secretary of State Jena Griswold, measure sponsor Michael Fields |
Source: KOAA.com
Scott Wasserman of the Bell Policy Center and Summit County Commissioner Tamara Pogue filed a lawsuit in Denver District Court arguing that the Colorado Secretary of State's office improperly certified the measure for the ballot and seeking for it to be either removed from the ballot or have votes not counted for the measure. Plaintiffs alleged that the amendment is not substantially related to Colorado's Taxpayer's Bill of Rights (TABOR) and therefore should not appear on the 2021 ballot. Measures that can go on the ballot during odd years are limited to topics that concern taxes or state fiscal matters arising under TABOR. Pogue said, "One of the reasons you can have a ballot initiative on an odd number year is if it is TABOR related. The framers of 78 have tried to make the claim that it is TABOR related, but I don't think that claim has any merit. ... They are mistaken, a lot of the funds that I'm concerned about are very separate and already exempt from TABOR." Measure sponsor Michael Fields said, "Most of the time general fund money is inside of Tabor so what we're doing is taking this, putting it into a new fund and allowing the interest to go into the general fund."[15]
A Denver District Court judge dismissed the lawsuit on October 21, 2021. Plaintiffs said they would likely appeal.[16]
How to cast a vote
- See also: Voting in Colorado
Click "Show" to learn more about voter registration, identification requirements, and poll times in Colorado.
How to cast a vote in Colorado | |||||
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Poll timesIn Colorado, polls are open from 7:00 a.m. to 7:00 p.m. local time for those who choose to vote in person rather than by mail. An individual who is in line at the time polls close must be allowed to vote.[17][18] Registration requirements
In Colorado, an individual can pre-register to vote if they are at least 15 years old. Voters must be at least 18 years old to vote in any election. A voter must be a citizen of the United States and have established residence in Colorado to vote.[19] Colorado voters can register to vote through Election Day. However, in order to automatically receive a absentee/mail-in ballot, a voter must register online, through the mail, at a voter registration agency, or driver's license examination facility at least eight days prior to Election Day. A voter that registers through a voter registration drive must submit their application no later than 22 days before the election to automatically receive an absentee/mail-in ballot. A voter can register online or submit a form in person or by fax, email, or mail.[19][20][21] Automatic registration
Colorado automatically registers eligible individuals to vote through the Department of Motor Vehicles and certain other state agencies. Online registration
Colorado has implemented an online voter registration system. Residents can register to vote by visiting this website. Same-day registration
Colorado allows same-day voter registration for individuals who vote in person. Residency requirementsColorado law requires 22 days of residency in the state before a person may vote.[20] Verification of citizenshipColorado does not require proof of citizenship for voter registration. An individual applying to register to vote must attest that they are a U.S. citizen under penalty of perjury. All 49 states with voter registration systems require applicants to declare that they are U.S. citizens in order to register to vote in state and federal elections, under penalty of perjury or other punishment.[22] Seven states — Alabama, Arizona, Georgia, Kansas, Louisiana, New Hampshire, and Wyoming — have laws requiring verification of citizenship at the time of voter registration, whether in effect or not. In three states — California, Maryland, and Vermont — at least one local jurisdiction allows noncitizens to vote in some local elections. Noncitizens registering to vote in those elections must complete a voter registration application provided by the local jurisdiction and are not eligible to register as state or federal voters. Verifying your registrationThe site Go Vote Colorado, run by the Colorado Secretary of State office, allows residents to check their voter registration status online. Voter ID requirementsColorado requires voters to present non-photo identification when voting in person. If voting by mail for the first, a voter may also need to return a photocopy of his or her identification with their mail-in ballot. Click here for more information. The following list of accepted forms of identification was current as of August 2025. Click here for the most current information, sourced directly from the Office of the Colorado Secretary of State.
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See also
External links
- Initiative #19 full text
- Colorado 2021 State Ballot Information Booklet (Blue Book)
- Colorado Secretary of State: Initiative Filings, Agendas & Results
- Initiatives filed with the Legislative Council Staff
- Statement of Sufficiency
Support |
OppositionSubmit links to editor@ballotpedia.org. |
Footnotes
- ↑ 1.0 1.1 1.2 Colorado Secretary of State, "Initiative Filings, Agendas & Results," accessed February 5, 2021
- ↑ 2.0 2.1 2.2 2.3 Colorado Secretary of State, "Initiative 19 full text," accessed August 6, 2021
- ↑ Lexis Nexis, "C.R.S. 1-41-102 State ballot issue elections in odd-numbered years," accessed August 16, 2019
- ↑ 4.0 4.1 Cite error: Invalid
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- ↑ 5.0 5.1 5.2 Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
- ↑ Cite error: Invalid
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- ↑ 7.0 7.1 7.2 Colorado State Legislature, "Colorado 2021 State Ballot Information Booklet (Blue Book)," accessed September 13, 2021
- ↑ 8.0 8.1 8.2 Colorado TRACER, "The Committee for Spending Transparency," accessed July 6, 2021
- ↑ Colorado Statesman, "Springs Council rethinks TABOR repeal," January 16, 2009
- ↑ Colorado State Legislative Council, "Ballot History," accessed February 20, 2014
- ↑ Blue Book: "2005 State Ballot Information Booklet," accessed June 21, 2019
- ↑ Colorado.gov, "Colorado Legislative Council Staff: July 6, 2009, memorandum concerning TABOR and Referendum C," accessed September 9, 2019
- ↑ Colorado.gov, "Colorado Legislative Council Staff: November 29, 2018, memorandum concerning the TABOR revenue limit," accessed September 0, 2019
- ↑ Colorado Legislature, "TABOR," accessed August 9, 2018
- ↑ KOAA, "Amendment 78: Opponents file lawsuit against Secretary of State, organizers to remove from November ballot," accessed September 24, 2021
- ↑ Denver Post, "Colorado Amendment 78 lawsuit dismissed," accessed October 21, 2021
- ↑ Colorado Secretary of State, "Mail-in Ballots FAQs," accessed August 6, 2025
- ↑ LexisNexis, "Colorado Revised Statutes, § 1-7-101," accessed August 6, 2025
- ↑ 19.0 19.1 Colorado Secretary of State, "Voter Registration FAQs," accessed August 6, 2025
- ↑ 20.0 20.1 Colorado Secretary of State, "Colorado Voter Registration Form," accessed August 6, 2025
- ↑ Colorado Secretary of State, "Go Vote Colorado," accessed August 6, 2025
- ↑ Under federal law, the national mail voter registration application (a version of which is in use in all states with voter registration systems) requires applicants to indicate that they are U.S. citizens in order to complete an application to vote in state or federal elections, but does not require voters to provide documentary proof of citizenship. According to the U.S. Department of Justice, the application "may require only the minimum amount of information necessary to prevent duplicate voter registrations and permit State officials both to determine the eligibility of the applicant to vote and to administer the voting process."
- ↑ Colorado Secretary of State, "Acceptable Forms of Identification," accessed August 6, 2025
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