- The repeal of the Gallagher amendment in Colorado has led to dramatic property tax increases, while TABOR offers protection against government spending hikes.
- Voters in Colorado will consider Proposition NN to raise the TABOR cap.
Colorado Proposes Raising TABOR Cap to Fund Education Spending
What happened
Legislators are proposing Proposition NN, which aims to raise the TABOR cap and retain the associated funds in Colorado. The proposal seeks to increase education spending by approximately $4.6 billion, while also adding or increasing funding for full-day daycare and childcare. State Senator Jeff Bridges stated that TABOR guarantees K-12 education is the primary beneficiary.
From durangoherald.com
Why it matters
The proposal seeks to significantly increase state funding for education despite Colorado anticipating a loss of 16,000 students statewide. The measure is being considered as voters weigh the impact of the repeal of the Gallagher amendment, which has led to increased property taxes, against TABOR's protective role against government spending hikes.
Voters in Colorado will consider Proposition NN to raise the TABOR cap. The repeal of the Gallagher amendment in Colorado has led to dramatic property tax increases, while TABOR offers protection against government spending hikes.
From durangoherald.com
Who's involved
- ColoradoThe state where the proposition regarding the TABOR cap and spending is being considered
- Colorado Department of EducationThe state department that would receive increased state funding and mandates for education spending
- Denver Public SchoolsA public school system that could gain funding access from an increased state education budget
- Colorado Office of Economic Development and International TradeA government agency whose segment of business could be affected by changes to the state's fiscal environment
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Colorado Department of EducationSpeculative
The Colorado Department of Education might see increased state funding and mandates for education spending.
- Denver Public SchoolsSpeculative
Denver Public Schools could gain funding access due to an increased state education budget.
The Colorado Office of Economic Development and International Trade may see changes to the state's fiscal environment.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- How could changes to the TABOR cap affect the Colorado Office of Economic Development and International Trade?State fiscal changes from TABOR cap raise could alter economic planning for Colorado Office of Economic Development and International Trade.Possible
- Proposed TABOR cap raise could boost Denver Public Schools' fundingProposed TABOR cap raise could boost Denver Public Schools' fundingPossible
- New TABOR cap proposal could boost Colorado Department of Education fundingColorado Department of Education may receive increased funding from TABOR cap changes.Possible