Administration‎ > ‎Departments‎ > ‎Communications Office‎ > ‎Newsroom‎ > ‎

District 60 Board of Education voices support for Fair Tax Colorado (Ballot 271) initiative

posted May 20, 2020, 12:38 PM by Anthony Sandstrom
At the Tuesday, May 19 Pueblo School District 60 Board of Education meeting, the Board unanimously supported a resolution to support the proposed Fair Tax Colorado (Initiative 271) ballot initiative, which would re-define the Colorado tax code by raising income tax rates for the top 5% of earners and lowering them for everyone else, thereby generating $2 billion in new revenue. Half of that would be dedicated to increasing pay for teachers and student support staff. The other half will go to other critical needs, including affordable housing and health care, road repairs and maintenance, postsecondary learning opportunities, child care, and worker supports

According to the language of the initiative, which is currently in the signature-gathering stage and has not yet been approved for the 2020 ballot, all Coloradans with a taxable income less than $250,000 a year will see their income tax rates decrease to 4.58%. Currently, Colorado has a flat tax rate of 4.63%, regardless of income. 

The District 60 Board of Education declared its support for Fair Tax Colorado for the purpose of increasing funding of public education in the State of Colorado. Since the Great Recession in 2009, District 60 has lost over $165 million in funding, which, according to the text of the Board’s resolution, “could have been used for hiring and retaining highly-qualified teachers and staff, providing more competitive compensation and benefits packages for District employees, reinstating various educational programs for students, purchasing new textbooks, and addressing deferred maintenance.”

According to the resolution of support for Fair Tax Colorado, the Board asserted its belief that “every student should have the opportunity to reach his or her full potential and to participate meaningfully in the civic and economic life of the community, regardless of their zip code or learning needs.” 

Organizers have until Aug. 3 to collect 124,632 signatures. For more information, read the full text of the proposed initiative.