A measure that proposes dedicating tax revenue towards affordable housing programs has collected enough valid signatures to appear on November’s ballot.
Backers of Initiative #108, which will appear on the ballot titled “Dedicated State Income Tax Revenue for Affordable Housing Programs,” submitted over 230,000 signatures, with 149,072 projected to be valid, the Colorado secretary of state’s office said Friday. The initiative needed 124,632 valid signatures to qualify for the ballot.
Initiative #108 proposes dedicating one-tenth of 1% of income tax revenue “for affordable housing and exempting the dedicated revenues from the constitutional limitation on state fiscal year spending,” according to the ballot title.
See the full article by Derek Draplin, August 19, 2022