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Referendum C Passes and Referendum D Fails: Now What for Colorado’s Budget?

Statewide measure Referendum C (Ref. C) was approved by Colorado voters, 52% to 48% on November 1, while Referendum D failed, 49.3% to 50.7%. These results mean that the State will be allowed to retain all of the revenue that it receives over the next 5 years. It also means that the Constitutional TABOR revenue will, beginning in the sixth year, be the amount of actual revenue received by the State in the highest of the 5 years.

After that, the allowable revenue formula will once again be population change plus CPI, regardless of actual revenue collections. This in effect removes TABOR’s ratchet from the Constitution.

Released Nov. 9, 2005

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