Colorado Proposition 103, Income and Sales Tax Increase for Education Initiative (2011)
| Colorado Proposition 103 | |
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| Election date |
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| Topic Education and Taxes |
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| Status |
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| Type Initiated state statute |
Origin |
Colorado Proposition 103 was on the ballot as an initiated state statute in Colorado on November 1, 2011. It was defeated.
A “yes” vote supported increasing the state income and sales taxes and requiring the money be spent on public education. |
A “no” vote opposed increasing the state income and sales taxes and requiring the money be spent on public education. |
Election results
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Colorado Proposition 103 |
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| Result | Votes | Prozentualer Anteil | ||
| Yes | 386,673 | 36.82% | ||
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663,444 | 63.18% | ||
Text of measure
Ballot title
The ballot title for Proposition 103 was as follows:
| " | Shall state taxes be increased $536.1 million annually in the first full fiscal year and by such amounts as are raised annually thereafter by amendments to the Colorado Revised Statutes concerning a temporary increase in certain state taxes for additional public education funding, and, in connection therewith, increasing the rate of the state income tax imposed on all taxpayers from 4.63% to 5% for the 2012 through 2016 income tax years; increasing the rate of the state sales and use tax from 2.9% to 3% for a period of five years commencing on January 1, 2012; requiring that the additional revenues resulting from these increased tax rates be spent only to fund public education from preschool through twelfth grade and public postsecondary education; specifying that the appropriation of the additional tax revenues be in addition to and not substituted for moneys otherwise appropriated for public education from preschool through twelfth grade and public postsecondary education for the 2011-12 fiscal year; and allowing the additional tax revenues to be collected, kept, and spent notwithstanding any limitations provided by law? | ” |
Full Text
The full text of this measure is available here.
Path to the ballot
In Colorado, proponents needed to collect a number of signatures for an initiated state statute.
See also
External links
Footnotes
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