Everything will go wrong with Murphy’s amendment

On the Nov. 5 ballot, voters will face Amendment 11, sometimes called the Murphy Amendment after the Colorado Springs attorney responsible for its drafting.The one-sentence summary begins by asking, “Shall there be an amendment to the Colorado Constitution concerning property tax exemptions …” and concludes with “… and decreasing the property tax rate to prevent a net revenue gain to a taxing entity as a result of the elimination of exemptions, unless otherwise provided by general law?” The “summary” contains another 108 intervening words not cited.
The substance of the amendment is to eliminate tax exemption for real…