There are many amendments and propositions on this year's ballot - 107 pages in the Blue Book. It is much to digest. I am writing to ask that you look beyond the first sentence in Amendment 73 - Funding for Public Schools. A $1.6 billion increase in taxes is large and may cause your "no" reflex to kick in. Importantly, 92 percent of taxpayers in Colorado (97 percent in Delta County) will see no increase in their income tax. If your household income is below $150,000, your state income tax will remain the same. This amendment would generate its revenue from an increased tax on higher wage earners and "C" corporations. The revenues would boost funding for education. Decisions on how to use them would be made by local school districts. There would be a small decrease from this year's property tax rate, 7.2 percent to 7 percent. More notably, small business owners, ranchers, and farmers will see a 5 percent drop in their business property rate, from 29 to 24 percent. These property tax decreases apply only to funding for education, so other special districts will not see a decrease in their revenues.
Please visit the tax impact calculator located on the Colorado School Finance Project website at www.cosfp.org. Click on the calculator and enter your household income, property value, and address. It will tell you within a couple of dollars how you will be personally impacted. Your address serves to show you how your local school district will benefit from the amendment, should it pass. Once you know how you will be affected, you can make a more informed decision. You can find more information about the amendment at www.yesonamendment73.com. Arguments against the amendment can be found on www.noamendment73.com. Thank you for your time and consideration.