No on Proposition 117

NO on PROPOSITION 117: Require Voter Approval of Certain New Enterprises Exempt from TABOR Initiative

Summary of Proposition 117: The initiative would require statewide voter approval of new state enterprises if the enterprise’s projected or actual revenue from fees and surcharges is greater than $100 million within its first five years. Revenue collected for enterprises that were created at the same time or that serve substantially the same purpose would be aggregated when calculating the application of this amendment.

Recommendation Rationale: This bill would prevent future state enterprises, or services, like a Paid Family and Medical Leave Insurance program, from being passed from the legislature without approval from the voters. This is essentially a TABOR extension.