Colorado Referendum D, Borrowing of Funds for State Projects Bond Measure (2005)

Colorado Referendum D
Election date November 1, 2005
Topic Bond issues and State and local government budgets, spending, and finance
Status Defeated
Type Bond issue	Origin State legislature

Colorado Referendum D was on the ballot as a bond issue in Colorado on November 1, 2005. It was defeated.

A “yes” vote supported allowing the state to borrow up to $2.072 billion for transportation, education, and pensions.

A “no” vote opposed allowing the state to borrow up to $2.072 billion for transportation, education, and pensions.

Election results

Colorado Referendum D
Result		Votes	Percentage
Yes		567,540	49.38%
No		581,751	50.62%

Results are officially certified.

Source

Text of measure

Ballot title

The ballot title for Referendum D was as follows:

“

Without increasing any tax rates or imposing any new taxes, shall the state be authorized to address critical state needs by issuing notes in total amounts of up to $2,072,000, with a maximum total repayment cost of up to $3,225,000,000, and with maximum total annual principal and interest payments of $55,000,000 in state fiscal year 2005-06, $95,000,000 in state fiscal year, of which a maximum of $25,000 per state fiscal year may be used to pay notes issued for nontransportation purposes, only if voters of the state approve referendum C at the November 2005 statewide election; shall note proceeds and earnings thereon constitute a voter-approved revenue change; shall the general assembly be authorized to make annual appropriations from the state general fund that are exempt from the statutory limitation on total annual state general fund appropriations and from other legally available funds to pay the principal, interest, and necessary costs of the notes; and shall the notes be issued in the following maximum amounts and for the following purposes: $1,700,000,000, with maximum annual principal and interest payments of $30,000,000 in state fiscal year 2005-06, $70,000,000 in state fiscal year 2006-07, and $100,000,000 in any subsequent fiscal year, to be used to repair and replace highways and bridges and accelerate the completion of strategic transportation projects included in the strategic transportation project investment programs of the department of transportation;  $147,000,000 to be credited to the school capital construction expenditures reserve and used to repair, maintain, make safe, and replace deteriorating public school facilities;  $50,000,000 to be credited to the capital construction fund and used to repair, maintain, make safe, and replace state university, college, and community college facilities; and $175,000,000 to be credited to the fire and police members' benefit fund to address shortfalls in state funding of pensions for police officers and firefighters?

”

Path to the ballot

A simple majority vote was needed in each chamber of the Colorado State Legislature to refer the measure to the ballot for voter consideration.

See also

2005 Measures

• 2005 Measures
• State and local government budgets on the ballot
• spending on the ballot
• and finance on the ballot
• Bond issues on the ballot
• 2005 legislative sessions

Colorado

• Colorado ballot measures
• Colorado ballot measure laws

News and analysis

• Ballot measure lawsuits
• Ballot measure readability
• Ballot measure polls

External links

• Colorado Blue Book (2005)