House Speaker Andrew Romanoff is the leading proponent of this measure, as well as the very similar Initiative 125, in order to fix problems and conflicts he sees in the state Constitution, between the Taxpayer Bill of Rights (TABOR) spending requirements and Amendment 23, which protects and boosts education spending.
Romanoff and State Sen. Steve Johnson introduced the so-called Savings Account For Education (SAFE) measure in the Legislature, where it died.