School tax group turns in ballot measure signatures
The group trying to get a measure on this fall’s ballot to raise taxes for education turned thousands of signatures into the Colorado Secretary of State’s Office on Monday.
The group, Support Our Schools for a Bright Colorado, turned in petitions with more than 142,000 signatures. If 86,105 of them prove to be from valid registered voters, the measure will be placed on the fall ballot.
“This is a very impressive showing,” said Wade Buchanan, president of the Bell Policy Center, one of several Colorado groups backing the measure. “We expect the measure to make the ballot. Now our job is to convince Colorado voters this is the right thing to do.”
The measure, started by state Sen. Rollie Heath, D-Boulder, calls for increasing Colorado’s sales tax from 2.9 percent to 3 percent and hiking the state’s personal and corporate income tax from 4.63 percent to 5 percent. The higher rates would be in place for five years.
Revenues generated by the increase, which backers say will be about $536 million a year, would go to K–12 schools and higher education.