Re(3): The Blue Collar Voter Factor

Les is this the one:
Amendment 74 Certified on ballot August 28. Originally called Initiative 108. A ballot measure to change the state constitution requiring compensation for a reduction in fair market value by government law or regulation. OK so this one is tricky, but basically, supporters say it would expand property owners’ rights, giving them a better shot of being compensated from governments (like city, state or county) when laws or regulations reduce a property’s fair market value. Shawn Martini at the Colorado Farm Bureau, which supports the initiative, said there are already laws in place requiring governments to compensate property owners if new regulations affect their property’s value, but compensation is often only provided when the property is completely devalued. This law would essentially lower that threshold and provide more guidance to courts when making a ruling.


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