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5 clusters · 10 sources · 21 days · First seen · Last updated

Colorado state tax reform and revenue ballot measures

Overview

Colorado voters face several significant tax-related ballot measures this November. Amendment 87 proposes replacing the state’s current flat income tax with a graduated system. Supporters, including the Protect Colorado’s Future coalition, claim the measure would lower taxes for most residents while directing approximately $2 billion in annual revenue toward childcare, healthcare, and education by increasing taxes on individuals and businesses earning over $500,000.

Governor Jared Polis has expressed opposition to Amendment 87, characterizing the potential $2.7 billion revenue increase as an “existential danger to the state” that could impact seniors and low-income veterans. Nonpartisan fiscal analysis indicates this revenue increase would apply to individuals and businesses earning more than $550,000 annually, a group representing 3% of individual taxpayers and 5% of businesses according to Department of Revenue data. Opposition spending has significantly outpaced proponent spending, with much of the funding originating from 501(c)(4) groups like Advance Colorado.

Other measures include Proposition NN, which seeks to adjust the Taxpayer’s Bill of Rights (TABOR) system to allow the state to retain and spend up to $4.6 billion more in annual tax revenue. The Yes for Colorado Kids committee supports this to increase K-12 education funding by 2% annually, while opponents argue it provides a “blank check” for lawmakers. Additionally, Proposition 137 proposes creating a $175 million pool for conservation and wildfire mitigation by retaining more tax revenue from sports equipment sales. Proponents argue this funds crucial programs without raising taxes, though opponents note it could reduce TABOR refunds for some taxpayers.

Entities

Colorado · Advance Colorado · Amendment 87 · Jared Polis · The Nature Conservancy

Timeline

  1. [POLITICS] 4 sources
    Colorado voters face ballot measures regarding TABOR and state funding

    Colorado voters will decide on Proposition NN, aimed at increasing K-12 education funding, and Proposition 137, which seeks to fund conservation and wildfire mitigation through sports equipment tax retention.

  2. [POLITICS] 2 sources
    Colorado voters weigh Amendment 87 graduated income tax proposal

    Colorado voters will decide on Amendment 87, which proposes replacing the state's flat income tax with a graduated system to fund healthcare, education, and childcare.

  3. [POLITICS] 3 sources
    Colorado Amendment 87 tax proposal faces millions in opposition spending

    Colorado voters will decide on Amendment 87 this November, a proposal to shift from a flat income tax to a graduated system. Opposition groups have spent over $3.6 million to defeat the measure.

  4. [POLITICS] 3 sources
    Colorado voters to decide on tax reform and education funding measures

    Colorado voters will decide on several tax-related ballot measures this November, including proposals to adjust TABOR limits, implement a graduated income tax, or cap the current flat tax rate.

  5. [POLITICS] 2 sources
    Colorado Governor Polis opposes Amendment 87 tax measure

    Colorado Governor Jared Polis opposes Amendment 87, a graduated income tax proposal. While it would cut taxes for 97% of residents, critics warn of a $2.7 billion increase in state revenue.

Sources

aspentimes.com · coloradopols.com · coloradotimesrecorder.com · durangoherald.com · kiowacountypress.net · skyhinews.com · steamboatpilot.com · summitdaily.com · VailDaily.com · voiceofsandiego.org

This summary has been updated 3 times: see revision history