Colorado Amendment 59: Education Funding and TABOR Rebates

Fort Collins Coloradoan:

1. Without raising taxes, Amendment 59 provides a future source of money for educating Colorado's children. This money may be used to increase per-student funding and for preschool through 12th-grade, or P-12, education improvements, including expanding preschool and full-day kindergarten programs, reducing class size, expanding technology education and providing performance pay for teachers. Providing new sources of money to invest in P-12 education helps schools teach children the skills needed for the jobs of the future. A well-educated work force is necessary to attract new businesses, generate new jobs and keep existing jobs in Colorado.

1. Amendment 59 permanently eliminates all future TABOR rebates to Colorado taxpayers. It is effectively a tax increase that will grow the size of state government. In addition, while the TABOR rebates are supposed to be spent on education, the money could instead replace existing education spending, allowing growth in other state programs. Amendment 59 also allows the only major source of money that is spent on the state's buildings to be transferred for spending on P-12 education at a time when the state is currently unable to keep up with building maintenance and construction needs.

Posted by Jim Zellmer at October 7, 2008 3:11 AM
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