Apartment Trends Magazine September 2016 | Page 34
BACKGROUND
158 initiatives were
originally filed through
the secretary of state’s
office.
Two citizen initiated
ballot measures may
qualify. Seven already
have qualified.
There are two
legislatively referred
measures
Signatures were due on
August 8, 2016
The Secretary of State
has until September 7,
2016 to validate
signatures
Election Day is
November 8, 2016
What's On
By Nancy Burke
Initiative 101: State minimum wage
he November election is right around the
corner. Although we will likely be inundated with television ads, social media pop
ups and radio jingles, you should know what you
will be facing when it comes to ballot initiatives in
Colorado.
This initiative would increase the state minimum wage from $8.31 to $9.30 per hour, beginning
on January 1, 2017. It would then increase the
minimum wage annually by $0.90 per hour beginning January 1, 2018, until it reaches $12.00 per
hour on January 1, 2020. On January 1, 2021, the
minimum wage would then adjust each year based
on cost-of-living increases.
LEGISLATIVELY REFERRED MEASURES
The Apartment Association has adopted a
position of opposition.
T
Amendment T
This measure would remove an exception in
our constitution to the prohibition of slavery that
allows individuals to be held in involuntary servitude if they are convicted of a crime.
Amendment U
This would grant a property tax exemption for
possessory interests in which the value is $6,000
or less.
CITIZEN INITIATED MEASURES:
Amendment 69: Single-payer
healthcare
Amendment 69, or single-payer healthcare,
would be an amendment in our constitution that
would create a new, statewide system to finance
health care services for Colorado residents. It would
increase employee income-tax rates 3.33% and
employer tax rates 6.67%. Amendment 69 is projected to nearly double the state’s current budget,
bringing in approximately $25 billion in revenue
each year.
The Apartment Association has adopted a
position of opposition.
32 | TRENDS • SEPTEMBER 2016
www.aamdhq.org