Measure on the ballot in the 2022 Colorado General Election in Colorado.
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Get StartedA "yes" vote on Proposition 123 sets aside money for new affordable housing programs and exempts this money from the state's revenue limit.
A "no" vote on Proposition 123 means that state revenue will continue to be spent on priorities as determined by the state legislature or returned to taxpayers, as under current law.
"We're thrilled that this measure is officially on the ballot. The people of Colorado have spoken, and they want to make Colorado affordable. Too many Coloradans can no longer afford to live in the neighborhoods where they set down roots. That's forcing families to make difficult relocation decisions, robbing our communities of essential services and intensifying our homelessness crisis. This measure is desperately needed if we want future generations of Coloradans to thrive." - Brian Rossbert, Executive Director of Housing Colorado, in support of Proposition 123 (Learn more)
"What this will get us is 10,000 more affordable units every year in Colorado that teachers and nurses and firefighters and people can have a place to live. One of the things that this can do is help build more of those permanent supportive housing units that people have as their first transition off the streets." - Mike Johnston, CEO and President of Gary Community Ventures, in support of Proposition 123 (Learn more)
"There's nothing affordable about taking $300 million of our TABOR tax refunds for a flawed housing measure. ... [N]obody really knows how many new units would be created by this measure." - Michael Fields, Senior Adviser for Advance Colorado Action, in opposition to Proposition 123 (Learn more)
"If this passes, the number on that TABOR refund check is going to be smaller. And potentially in some years, there won't be a check coming to you because this will take all of it. I oppose this on multiple levels." - Natalie Menten, Board Member of the TABOR Foundation, in opposition to Proposition 123 (Learn more)
Shall there be a change to the Colorado Revised Statutes concerning statewide funding for additional affordable housing, and, in connection therewith, dedicating state revenues collected from an existing tax of one-tenth of one percent on federal taxable income of every individual, estate, trust, and corporation, as defined in law, for affordable housing and exempting the dedicated revenues from the constitutional limitation on state fiscal year spending; allocating 60% of the dedicated revenues to affordable housing financing programs that will reduce rents, purchase land for affordable housing development, and build assets for renters; allocating 40% of the dedicated revenues to programs that support affordable home ownership, serve persons experiencing homelessness, and support local planning capacity; requiring local governments that seek additional affordable housing funding to expedite development approvals for affordable housing projects and commit to increasing the number of affordable housing units by 3% annually; and specifying that the dedicated revenues shall not supplant existing appropriations for affordable housing programs?
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