Education tax hike initiative will be on November ballot
DENVER — The proposal to raise income tax rates to generate nearly $1 billion annually to fund a new public education financing model will be on the November ballot, the Secretary of State’s office announced Wednesday.
Initiative 22 will allow voters to decide on whether to approve a two-tiered rate hike to help fund full day kindergarten statewide, along with a number of other reforms.
Backers of the ballot measure, “Colorado Commits to Kids,” submitted more than 165,000 signatures last month, but a five percent sample review found enough invalid signatures to force a line-by-line review.
Nearly half of the signatures submitted, 75,890 of them, were rejected; but the 89,820 signatures accepted came in just over the sufficiency threshold of 86,105 signatures.
The initiative will be on the ballot as Amendment 66, according to the Secretary of State’s office.AlertMe