Proposition II poses a simple question to Colorado voters, or at least as simple as a tax measure can be: Can the state keep nearly $23.7 million to pay mostly for preschool programs, or does it ne…
Proposition II poses a simple question to Colorado voters, or at least as simple as a tax measure can be: Can the state keep nearly $23.7 million to pay mostly for preschool programs, or does it need to return that money to tobacco wholesalers and distributors?. State analysts projected that Prop. EE would generate about $186.5 million in new taxes during the first year; instead, the state collected $208 million.
Tax rates on other tobacco products and on nicotine products would increase from 50% of the price to 56% in mid-2024 and 62% in mid-2027. The preschool program currently provides at least 15 hours per week of education to nearly 50,000 3- and 4-year-old Coloradans. Proposition EE passed three years ago with more than two-thirds of the vote.Proposition II is just the latest question put to voters under TABOR to allow the state to keep all the money raised by taxes that previously won voters’ approval. Arguments summarized by the Blue Book include that the measure will maintain tax rates and increases set by Prop.
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