Jennifer Cassell, our lobbyist, has provided the following summary of the measures approved for the November 2022 ballot, courtesy of her firm, Bowditch & Cassell.  Some of the measures have questions and/or issues listed, also.

Proposition 121:  State Income Tax Reduction.  This measure will reduce Colorado’s income tax rate from 4.55 percent to 4.4 percent.  In 2020, Colorado voters adopted an income tax reduction from 4.61 percent to the current 4.55 percent.  This measure is estimated to reduce General Fund by $400 million, or 2.4 percent of total revenues.  The average taxpayer will save $119 through this tax rate reduction, though almost half the savings will accrue to those with incomes over $1.0 million, who represent less than 1.0 percent of the taxpayers.  
  • Questions and Issues: Reducing General Fund revenues will not impact Colorado’s budget so long as Colorado is in a TABOR refund situation.  However, when Colorado is not exceeding its TABOR limit, reducing tax revenues will impact funds available for other state priorities.   
Proposition 122:  Access to Natural Medicine.  This measure decriminalizes growth and possession of psychedelic mushrooms, and directs the State Department of Regulatory Agencies to license businesses that sell such items.  
Proposition 123:  Dedicated Income Tax Revenue for Affordable Housing.  Beginning January 1, 2023, this measure would dedicate 0.1 percent of income tax revenue for affordable housing.  The money shall be used by local governments for land banking, low and middle income multifamily developments, and housing financing.  This measure is estimated to transfer $290 million per year once fully implemented, and this revenue would be exempt from TABOR, thus reducing TABOR refunds in those years in which the state has a TABOR refund.  
  • Questions and Issues:  The state dedicated $1.2 billion of pandemic relief funds to affordable housing initiatives – much of this money has not been allocated yet.  Also, this would establish a dedicated revenue stream for one state priority.  The measure does allow the state to decrease funding for this program in years in which there is no projected TABOR refund.  
Proposition 124:  Concerning Liquor Licenses. This measure allows retail liquor stores to increase the number of business locations over time.  Stores are restricted from opening more than three locations per state law. 
Proposition 125:  Sales of Alcohol Beverages. This measure allows grocery and convenience stores to sell wine.  Currently, these stores can only sell beer. 

Proposition 126:  Third-Party Delivery of Alcohol Beverages. This measure allows third party delivery services to deliver alcoholic beverages for grocery stores, liquor stores, and convenience stores.  Currently only store employees can deliver these beverages.  Also, under current law alcohol delivery by bars and restaurants is scheduled to repeal on July 1, 2025.  This measure removes this repeal date.  
Issues Referred by the Legislature:
Amendment D: New 23rd Judicial District Judges.  The legislature created a new judicial district, separating Douglas, Lincoln, and Elbert Counties from Arapahoe County.  This measure amends the state constitution to direct the Governor to assign seven judges from the current district to new judicial district.  
Amendment E:  Extend Homestead Exemption to Gold Star Spouses.  This measure extends the current homestead exemption to include spouses of military individuals who died in the line of duty or as a result of a service related injury.  The total number of individuals who would qualify is estimated at 490.  As the state backfills any loss of local government revenue, this would cost the state approximately $360,000 once implemented. 
Amendment F:  Charitable Gaming.  This reduces the number of years (from 5 to 3) a charitable organization must be in operation before applying to offer charitable gaming.   
Proposition FF:  Healthy Meals for All Public School Students.  This initiative will direct the state to pay for all school meals for all students.  Currently the state pays for students who qualify for free and reduced price lunches, and this measure would make all students eligible for free reimbursement.  The measure would be paid for by limiting the tax deductions claimed by individuals who make more than $300,000 per year.  
Proposition GG:  Amount of Tax Owed Table for Initiatives.   This measure requires that a fiscal summary for any ballot measure that modifies tax rates include a tax table showing the impact to individual taxpayers, by income category.  
Amendments D, E, and F require 55 percent for passage.  All others require a simple majority.