Proposition 117, Require Voter Approval of Certain New Enterprises Exempt from TABOR Initiative
The Voter Approval of Certain New Enterprises (Proposition 117) would require a statewide vote on new state enterprises generating over $100 million in revenue within the first five years of operation. Enterprises were authorized by the 1992 Taxpayer’s Bill of Rights (TABOR) as independent entities that administer fee-based programs for specific goods and services such as unemployment insurance, road and bridge construction, cleaning up chemical waste and oil spills, the sale of hunting and fishing licenses by the Colorado Department of Parks and Wildlife, higher education institutions, and the Colorado State Fair. This initiative is entirely funded by out-of-state billionaires and corporations who often pay the fees this measure would limit. Proposition 117 is confusing and poorly written and will lead to years of lawsuits, unintended consequences, and future cuts in education, transportation, and health care.
Full text on the ballot: Shall there be a change to the Colorado Revised Statutes requiring statewide voter approval at the next even-year election of any newly created or qualified state enterprise that is exempt from the Taxpayer’s Bill of Rights, Article X, Section 20 of the Colorado constitution, if the projected or actual combined revenue from fees and surcharges of the enterprise, and all other enterprises created within the last five years that serve primarily the same purpose, is greater than $100 million within the first five fiscal years of the creation or qualification of the new enterprise?