Proposition 103: What is the Cost to Colorado Taxpayers?

IP-7-2011 (October 2011)
Author: Barry Poulson and John D. Merrifield

PDF of full Issue Paper
Scribd version of full Issue Paper

Introduction:

Proposition 103 is an initiative that will increase Colorado tax rates and require the state to spend the money on government schools. Prop 103 increases the personal income tax, the corporate income tax, and the statewide sales and use tax for the years 2012 through 2016.

The Fiscal Impact Statement prepared by Colorado’s Legislative Council Staff estimates the cost of the tax increase at $2.9 billion. However, the cost for Colorado taxpayers will be significantly greater than staff estimates. Legislative Council uses static analysis, measuring only the direct impact of the higher taxes on state revenue. They ignore the negative impact the tax increase will have on economic growth and jobs in Colorado.

SOURCE

So, even with built in automatic tax increases Colorado Schools (Unions) need even more money. Now why couldn’t I have guessed that?

Nevertheless, I’m sure that the people of Colorado will vote in favor of this measure. Because after all is said and done the people there are stuck on stupid.

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3 Responses to “Proposition 103: What is the Cost to Colorado Taxpayers?”

  1. mainenowandthen Says:

    Sounds like a very poorly written piece of legislation. Exactly how will the exact amount of the tax increase be determined so that it can be specifically applied to education? Since the latest national statistics show that the ratio of administrative personnel to actual teachers has increased from 3-1 to 1-1 over the last two decades, more money may likely be siphoned off for the pencil pushers. More money is of course never the answer ( all one has to do is look at sky high costs in places like Detroit, Washington, D.C., etc) since for the Libs it is never enough. This demand must be a product of the special interests teachers unions, eh?

  2. Patrick Sperry Says:

    Always has been, and most probably always will be. Special interests that is.

  3. Logarchism » Ballot Watch: Colorado Proposition 103 Says:

    […] Propo­si­tion 103: What is the Cost to Col­orado Tax­pay­ers? (patricksperry​.word​press​.com) […]

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