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On November 5th, Colorado voters head to the polls to decide whether they want to substantially raise their taxes to better fund schools (and, separately, to regulate their newly legal pot—but more on that some other time). The plan, known as Amendment 66, is spearheaded by State Senator Mike Johnston (D) and funded by a coalition of teacher unions and others. It would raise income taxes by $950 million by ditching the state's flat tax of 4.63 percent. In its place would be a system with two rates: 5 percent for incomes at or below $75,000 per year and 5.9 percent for incomes above $75,000.
Passage of the amendment would green-light a previously passed and wide-ranging bill, also led by Johnston, designed to revamp the existing school-funding formula and divvy up the new money, if taxpayers decide to provide it. The bill has some ideas that, by themselves, should be fairly popular. For example, it lifts caps on preschool and Kindergarten enrollment, moves away from an easy-to-manipulate, single enrollment-count day, and refreshes the funding formula to weight for poverty and ELL status, among other factors. But, to many others, the cost to taxpayers seems outrageously high.
Supporters and opponents are sharply at odds when it comes to what this proposal might mean and, of course, whether it should pass. But those on both sides feel certain of one thing: The final result is sure to be a nail biter. Here’s a breakdown of five factors that could make the difference on Tuesday:
Stay tuned, because Colorado voters' decision will have wide-ranging implications for education reform and the debate over whether spending is really the key to results. Should Amendment 66 pass, expect to see it become a template for similar efforts in other states.