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Colorado Amendment 2 (1978)
From Ballotpedia
Colorado Amendment 2 (1978) was a measure limiting annual increases in per capita expenditures by the state and its political subdivisions. It failed with 41.3% of voters in favor.
Text of measure
Shall the Constitution of the State of Colorado be amended by adding a new article XA limiting annual increases in per capita expenditures by the state and its political subdivisions to the percentage increase in the united states consumer price index, except when a larger increase is approved by the voters in the affected jurisdiction in a special election; providing a procedure for emergency expenditures; prohibiting the state from imposing any part of the cost of new or expanded state programs on political subdivisions; requiring adequate funding of new and existing benefit programs; and establishing a maximum limit on the surplus fund for the state and providing that excess revenues collected by the state be returned to the taxpayers?[1]
