If the ballot proposals pass, does an individual have the option of choosing to receive the funds above the revenue limit which that individual paid, or will all funds above the revenue limit automatically be retained by the state?

The ballot measure asks voters whether the state should retain all revenues collected under the existing tax rates. The language reads as follows:

A change to the Colorado Revised Statutes authorizing the state to retain and spend state revenues that exceed the constitutional limitation on state fiscal year spending, and, in connection therewith, authorizing the state to retain and spend all such revenues collected during the ten fiscal years from July 1, 2016 through June 30, 2026; authorizing the state to annually retain and spend such revenues for any subsequent fiscal year in an amount equal to the highest amount collected in any single fiscal year during the ten-year period adjusted for increases in state population and inflation; allocating at least 35% of any revenues retained to fund education and at least 35% to fund transportation projects; and allowing the state to use any remaining revenues for the same purposes or to fund mental health services and senior services.


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