Colorado Amendment 61 - Let's Destroy Government!

[donco6]

Amendment 61 would forever remove any authority from the state to issue debt of any kind - even with a vote. Not only would they not be allowed to build any public buildings, they would not even be able to make a lease-purchase on a copying machine. They would not even be able to borrow from themselves! No cash flow loans, no college buildings, no repairs - NOTHING!

Further, for other public entities, the same rules apply except they could go out to a vote in November. So school districts - no lease purchase on copiers WITHOUT A VOTE by your public. And if you need to build a new school, you can issue voter-approved bonds, but only with a TEN YEAR repayment cycle. Imagine trying to buy a home on a 10-year mortgage. Is it even possible? Especially when they just cut schools' funding by 6.5% this year, and another 10% next year?

This amendment must be stopped. Do whatever you can. Read up on it at the Bell Policy center. http://www.thebell.org/taxonomy/term/1651