Citizens' Initiatives Will Seriously Impact Colorado Governments' Finances

In December 2009, three citizens' initiatives that will have significant adverse affects on all governments in Colorado were certified for the November 2, 2010, ballot by the Colorado Secretary of State. This advisory summarizes these three initiatives for our clients as well as other public finance professionals and market participants. The three initiatives may need to be disclosed in offering documents for financings between the date of certification and prior to the November 2010 election, and rating agencies and investors will be interested in how these initiatives will affect Colorado governments. Please contact any of the members of our Public Finance Department for more information on the initiatives.

Proposition 101, discussed here, deals with Colorado's state income tax, various motor vehicle fees and taxes and fees on telecommunication services. Click on these links for a full copy of Proposition 101 and a look at the website established by proponents of Proposition 101.
Amendment 60, discussed here, concerns property taxes. Click on these links for a full copy of Amendment 60 and a look at the website established by proponents of Amendment 60.
Amendment 61, discussed here, deals with the issuance of debt. A full copy of the initiative can be found here. Click on these links for a full copy of Amendment 61 and a look at the website established by proponents of Amendment 61.

An organization to oppose these initiatives has also been formed. The contact information for this organization is as follows:

Protect Colorado's Communities
c/o RBI Strategies and Research
1900 Grant Street, Suite 1170
Denver, CO 80203
(303) 832-2444 x22
Website: www.protectcoloradoscommunities.net

If you have any questions regarding this decision or its possible impact on your activities and operations, please contact your Sherman & Howard attorney or one of the attorneys in our Public Finance Group.

Sherman & Howard has prepared this advisory to provide general information on recent legal developments that may be of interest. This advisory does not provide legal advice for any specific situation. This does not create an attorney-client relationship between any reader and the Firm. If you want legal advice on a specific situation, you must speak with one of our lawyers and reach an express agreement for legal representation.

© 2010 Sherman & Howard L.L.C. February 5, 2010

	Contact Us Services Attorneys News and Events Publications About the Firm Diversity Careers In the Media Events and Registration Press Releases Speaking Engagements Articles Client Advisories Subscriptions History Offices Pro Bono Interlaw Contact Us Culture Legal Opportunities Summer Associates Support Staff Publications Client Advisories Home > Publications > Client Advisories > View Citizens' Initiatives Will Seriously Impact Colorado Governments' Finances In December 2009, three citizens' initiatives that will have significant adverse affects on all governments in Colorado were certified for the November 2, 2010, ballot by the Colorado Secretary of State. This advisory summarizes these three initiatives for our clients as well as other public finance professionals and market participants. The three initiatives may need to be disclosed in offering documents for financings between the date of certification and prior to the November 2010 election, and rating agencies and investors will be interested in how these initiatives will affect Colorado governments. Please contact any of the members of our Public Finance Department for more information on the initiatives. Proposition 101, discussed here, deals with Colorado's state income tax, various motor vehicle fees and taxes and fees on telecommunication services. Click on these links for a full copy of Proposition 101 and a look at the website established by proponents of Proposition 101. Amendment 60, discussed here, concerns property taxes. Click on these links for a full copy of Amendment 60 and a look at the website established by proponents of Amendment 60. Amendment 61, discussed here, deals with the issuance of debt. A full copy of the initiative can be found here. Click on these links for a full copy of Amendment 61 and a look at the website established by proponents of Amendment 61. An organization to oppose these initiatives has also been formed. The contact information for this organization is as follows: Protect Colorado's Communities c/o RBI Strategies and Research 1900 Grant Street, Suite 1170 Denver, CO 80203 (303) 832-2444 x22 Website: www.protectcoloradoscommunities.net If you have any questions regarding this decision or its possible impact on your activities and operations, please contact your Sherman & Howard attorney or one of the attorneys in our Public Finance Group. Sherman & Howard has prepared this advisory to provide general information on recent legal developments that may be of interest. This advisory does not provide legal advice for any specific situation. This does not create an attorney-client relationship between any reader and the Firm. If you want legal advice on a specific situation, you must speak with one of our lawyers and reach an express agreement for legal representation. © 2010 Sherman & Howard L.L.C. February 5, 2010 Copyright 2000-2010 Sherman & Howard L.L.C. All rights reserved. Privacy Policy \| Terms of Use