Volume No. 16 Issue No. 11 November 2019  



  Voting issues

     Two major voting issues to think about:
   
   Proposition CC is asking for voter permission to end the limits on state tax revenue determined by the Taxpayer’s Bill of Rights, or TABOR. 
   
   If voters agree, the state would be allowed to keep an additional $542 million to $1.7 billion more in the next three years and split the money evenly between K-12 education, higher education and transportation. 
   
   If voters say no, money would be returned to taxpayers as a TABOR refund, and likewise in any years when tax collections exceed the limits.
   
   Proposition DD: A U.S. Supreme Court case in 2018 struck down a federal prohibition on sports gambling in most of the country, allowing states to move forward with legalization. The taxes the state would impose on sports gambling would generate between $6 million and $15 million annually in the first three years. 
   
   The revenue from taxing sports bets would go toward covering the cost of the state’s regulation of gambling; among other benefits, the revenue also would go to programs for gambling addiction and a crisis-support line. The remaining money would go toward projects on the state’s water conservation plan.
   
   From https://coloradosun.com/2019/10/11/colorado-voter-guide-2019-proposition-cc-proposition-dd/
 
 
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