Could there be a voter approved recession? The answer is YES!
There will be three ballot measures on the ballot this fall which would throw Colorado into a deeper recession, just as we are poised to come out of it. I am speaking of Amendments 60, 61, and Proposition 101. On the morning of June 30, JEC, the West Chamber, Golden Chamber, and Arvada Chamber held an event to highlight the dangers of passage of any of these measures. Rick Reiter, Campaign Manager for Coloradans for Responsible Reform, and Marybeth Jones, attorney with Brownstein Hyatt Farber Schreck spoke. The event was well attended by approximately 70 business and civic leaders.
I think you are aware that Amendments 60, 61, and Proposition 101 will cause the elimination of more than 70,000 jobs in Colorado. State, and most local public financing of capital projects will be eliminated. Amendment 60 alone will cut school funding by more than a billion dollars annually.
The campaign to defeat these measures is expensive. The campaign team at Coloradans for Responsible Reform has raised cash and commitments for approximately half of the approximately $6 million campaign. I can tell you that they need your help. Is your company active in defeating these measures? If not, may I ask someone from the campaign to give you a call? For additional information you might want to visit the campaign website at: http://www.donthurtcolorado.com/
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