Colorado Proposition NN: Retain revenue for education and other purposes
Colorado · Statutory measure · Budget · Statewide decision
Explanation reviewed 2026-10-27. AI-written and checked against linked official evidence; not an election-office summary.
AI-written summary
Would permit retention up to a new limit linked to public-school spending. After existing property-tax reimbursements, money would support K–12 education and children’s programs for ten years; later it could also support other legislative priorities. Spending reports and audits are required.
What applies now
Revenue above the TABOR limit is generally refunded unless voters authorize retention.
If yes / for
Authorize the higher retention limit and required spending.
If no / against
Keep current TABOR refund and spending rules.
Costs and funding
Estimated net state-spending increase and refund reduction: $329.9 million in 2026–27 and $521 million in 2027–28. Actual effects vary with revenue; ordinary overpayment tax refunds are unaffected.
Timing
Implementation date not independently established in this baseline.
Passage rule
A majority of votes cast.