AGC Advocacy Report
Michael Gifford, AGC President & CEO
September 28, 2018
AGC & Construction Industry 2018 Ballot Guide
Vote by Nov 6, 2018!
Amendment A – Prohibiting Slavery and Involuntary Servitude
This measure would amend the state constitution to prohibit slavery and involuntary servitude as punishment for a crime - and thereby prohibit slavery in all circumstances.
Amendments Y & Z - Fair Maps Colorado
Amendment Y & Z would create a 12-member independent congressional (Y) and legislative (Z) redistricting commission with four members from each party and four unaffiliated members. Rationale: Y & Z attempts to remove politics from the drawing of future congressional & legislative districts.
Prop 110 - Transportation Funding
Prop 110 will fund $1 billion a year for 20 years in specific state & local transportation projects and accelerate critical projects through an immediate $6 billion bond. The funding comes from a 0.62% sales tax increase for 20 years. That works out to be a little more than half a cent on a dollar.
Rationale: Colorado has a $9 billion backlog of critical state road improvements. We haven’t raised the gas tax since 1991 and our population has doubled in that time. 6 cents on a $10 purchase seems worth it to reduce congestion and move business and people around our state. 40 million tourists a year will also help pay the bill.
Amendment 73 – Graduated Income Tax
Amendment 73 is a $1.6 billion tax increase for K-12 public education. The current income tax rate is a flat 4.63%. This proposal increases the income tax rate as high as 8.25% for households and small businesses, and 6% for corporations.
Rationale: AGC supports a well-funded and effective K-12 education system. However, this proposal will make it much harder to recruit new business to Colorado (less business for the construction industry). It places much of the burden on construction firms that are S Corps or LLC’s. The proposal has no requirement to achieve better education outcomes. Dollars are not guaranteed to go to teachers.
Amendment 74 - Government Takings
This initiative requires property owners to be compensated for any reduction in fair market property value caused by application of any government law or regulation.
Rationale: AGC believes in private property rights. Our constitution says government must compensate us if our land is taken but does not prohibit smaller property devaluation from decisions like land use. This proposal will make local government reluctant to make land use decisions, which will slow down or stop the real estate development industry. Not worth the risk.
Proposition 112 – Oil & Gas Setbacks
Prop 112 requires that all new oil & gas development be located at least 2,500 feet from occupied buildings and other areas like schools, parks, and waterways.
Rationale: This measure threatens to cripple the energy sector by banning nearly all future oil & gas development. We already have some of the most stringent regulations in the country. Up to 1/3 of all office space in Denver is oil & gas related so construction would be hard hit by Prop 112. State & local tax revenues would also plummet.
AGC took no position on Amendments V, W, X & 75, and Prop 109 & 111.
Do you know of someone who would like to receive AGC Advocacy Updates? Send their email address to Lory@agccolorado.org and we will add them to the mailing list.