A "yes" vote supports making various changes to state property taxes and revenue limits, including:

• reducing property tax rates;
• allowing the state to retain and spend revenues that it would otherwise be required to refund to residents under the Colorado Taxpayer's Bill of Rights (TABOR);
• creating a new, increased cap on state revenue, allowing the state to retain and spend additional revenue each year up to the Proposition HH Cap;
• allocating revenue to local governments to make up for decreased property tax revenues; and
• creating a limit on local government property tax revenue.

A "no" vote opposes making changes to property taxes and state revenue limits.