November 6, 2018-
Colorado’s constitution won’t guarantee landowners the right to reimbursement if a law or regulation harms their property values. According to the Colorado Secretary of State’s late Tuesday count, 54 percent of voters were in favor and 46 percent against. The amendment needed 55 percent approval to pass. The amendment, backed by the oil and gas industry and the Colorado Farm Bureau, faced strong opposition from a range of lawmakers, advocacy organizations and local government representatives who worried the amendment’s lack of clarity would result in a flood of claims and lawsuits.
Proponents said the proposal was simply a matter of fairness and limiting government overreach. The amendment would’ve had major implications for Proposition 112, which proposed increasing oil and gas setbacks, but both measures failed. A similar measure passed in Oregon in 2004, when voters approved a law allowing property owners to claim government compensation if an environmental or land use regulation reduced their property value. Property owners could ignore regulations put in place after they bought the property if the government didn’t compensate them within two years of filing a claim.