Ballot Title Setting Board
2007-2008

The title as designated and fixed by the Board is as follows:

Local taxes shall be increased $577.3 million annually in the statewide aggregate on non-residential property by an amendment to the Colorado constitution concerning an increase in the valuation for assessment of all taxable property other than residential real property from 29% to 34% of the property's actual value for property tax purposes, and, in connection therewith, exempting additional revenues, appropriations, or expenditures resulting from the increase in valuation for assessment from all constitutional or statutory revenue or spending limitations.

The ballot title and submission clause as designated and fixed by the Board is as follows:

Shall local taxes be increased $577.3 million annually in the statewide aggregate on non-residential property by an amendment to the Colorado constitution concerning an increase in the valuation for assessment of all taxable property other than residential real property from 29% to 34% of the property's actual value for property tax purposes, and, in connection therewith, exempting additional revenues, appropriations, or expenditures resulting from the increase in valuation for assessment from all constitutional or statutory revenue or spending limitations?

Hearing May 7, 2008

Single subject approved; staff draft amended; titles set.
Hearing adjourned 4:17 PM.

Rehearing May 21, 2008

Motion for Rehearing denied.
Hearing adjourned 2:30 PM.

* Unofficially captioned "Taxable Values and Taxes of Property" by legislative staff for tracking purposes. This caption is not part of the titles set by the Board.