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Committee discusses bill to use high-end revenue estimates in ballot titles to reduce repeat voter ask
Summary
A Joint Budget Committee staff draft, LLS 0638, would require the high end of the revenue range be used in ballot titles and certain blue book figures for voter-approved tax measures, with the stated goal of reducing instances where actual revenue exceeds an estimate and triggers a second voter approval or refunds.
A committee of the Joint Budget Committee discussed LLS 0638, a staff draft that would change how revenue estimates appear in ballot titles and in the blue book for voter-approved tax measures.
The bill would direct authors of ballot titles and certain blue book figures to use the high end of the range for an estimate rather than the midpoint. Proponents said using the high end would reduce the chance the actual revenue exceeds the estimate and thereby eliminate the constitutional requirement, under TABOR-related provisions, to return to…
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