Will this affect the $400 TABOR “surplus” rebate proposed by the governor for this August (or vice versa)?

No. That rebate is for the Fiscal Year ending on June 30, 2022. Initiative 63 would not go into effect until January 1, 2023. Putting this on the ballot gives voters an opportunity to allow some future "TABOR surplus" dollars to be used to address Colorado's teacher shortage.

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Volunteer Petitioning Badge

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Initiative 63 Fact Sheet

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Download Initiative 63 Volunteer Petition Collection Packet

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Is this a constitutional or statutory change?

Statutory. It only needs 50%+1 vote to pass. We will need about 125,000 valid signatures – from anywhere in the state – to qualify for the ballot.

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How does Initiative 63 work?

The measure will divert ⅓ of 1% of already collected taxable income (about $900 million) to the State Education Fund (SEF) and remove those dollars permanently from the TABOR surplus calculation. The SEF is already funded using this mechanism; Initiative 63 will double the current annual diversion to the Fund, and require the newly diverted dollars to be used to attract, retain and pay teachers and student support professionals.

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