Fiscal Impact Statements for Ballot Measures
Legislative Council Staff prepares fiscal impact statements for all ballot measures, including citizen-initiated measures and measures referred to the voters by the General Assembly. For referred measures, a fiscal note is prepared for the bill or concurrent resolution referring a question to voters during the legislative session. For citizen-initiated measures, a fiscal impact statement is first prepared when the measure is considered by the Title Board. These initial fiscal estimates are then updated during the preparation of the Blue Book Voter Guide. Fiscal impact statements for ballot measures provide the following information:
- An estimate of the effect the measure will have on state and local government revenues, expenditures, taxes, and fiscal liabilities if such measure is enacted;
- An estimate of the amount of any state and local government recurring expenditures or fiscal liabilities if such measure is enacted; and
- For any measure that modifies state tax laws, an estimate of the impact to the average taxpayer, if feasible, if such measure is enacted.
Additional information and links to fiscal impact statements for the Blue Book and the Title Board are provided below.
Fiscal Impact Statements for Blue Book Voter Guide
Pursuant to Section 1-40-124.5, C.R.S., Legislative Council Staff is required to prepare fiscal impact statements for all ballot measures appearing on the ballot during a statewide general election. These analyses are published on the Legislative Council Staff website and summarized in the Blue Book voter guide.
Title Board Fiscal Impact Statements
Section 1-40-105.5, C.R.S. requires the Legislative Council Staff to prepare an initial fiscal impact statement for each statewide initiated measure considered by the Title Board. A brief abstract summarizing each measure’s fiscal impact is also prepared and the measure’s proponents must include this abstract on signature-collection petitions.
Proponents and other interested persons may submit fiscal estimates about proposed initiatives for consideration by Legislative Council Staff (see instructions for submitting fiscal estimates). Legislative Council also solicits and considers fiscal estimates from state agencies and local governments when preparing fiscal impact statements. The initial fiscal impact statement prepared for the Title Board may be updated for the Blue Book if new information becomes available.
The full fiscal impact statement, abstract, and any citizen-submitted fiscal estimates for each initiative are posted on the Legislative Council Staff website.