September 27, 2019
What is Proposition CC?
Colorado voters will decide if the State should be allowed to keep future surplus revenue that otherwise would be refunded to taxpayers because of the Taxpayer Bill of Rights (TABOR). This question was referred to the voters by the legislature, via HB19-1279, which passed during the 2019 legislative session.
If approved, the revenue would be split between K-12, higher education and transportation (roads, bridges and transit). Here are a few facts to consider when determining your vote on this question:
- The amount of revenue is only an estimate at this point. A June economic forecast assumed $310 million would be generated next year. However, the most recent September forecast predicts $149.2 million.
- The programs receiving the revenue are not set in stone. Future legislatures could allocate the surplus to something other than education and transportation.
- The Colorado Association of REALTORS® has not taken an official position on Prop CC yet. That will happen at the Fall Forum (October 14-16). However, CAR’s Legislative Policy Committee supported HB19-1279.
Read the actual ballot language and for/against statements here:https://leg.colorado.gov/sites/default/files/images/lcs/2019_blue_book_english_for_web.pdf
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