October 16, 2021

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by: admin

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Tags: Colorado, education, Proposition, taxes

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Categories: Special needs education

What does Colorado Proposition 119 imply for training, taxes?

This is part of a series of nationwide vote reviews titled “We don’t have to agree, let’s just vote”. Today we are studying Prop. 119 and how cannabis taxes finance education.

COLORADO, USA – This story is part of a series of nationwide voting editions for Next with Kyle Clark called “We don’t have to agree, let’s just vote.” We will continue to look at statewide voting initiatives to help you vote in Colorado and how they affect you.

History teaches us that Colorado voters hate collecting taxes for everyone. History also teaches us that Colorado voters don’t mind raising what are known as taxes on sin: taxes on cigarettes, gambling, and marijuana.

Any voter in Colorado can vote on Proposition 119 to ask for state pot taxes to fund extra-curricular education.

RELATED: 2021 Voter Handbook: Everything You Need to Know About Electing in Colorado

A YES SIR Voting means that you want to gradually increase the state pot tax from 15% today to 20% in 2024 (with stops at 18% in 2022 and 19% in 2023). If you vote yes, then $ 20 million a year from the state’s general fund – monetary lawmakers decide what to do with it – will also be transferred to a new after-school funding program. In addition, US $ 20 million annually is withdrawn from the State Land Trust to fund this program. The State Land Trust helps fund school repairs and some school district funds. This funding would create a new after-school learning and enrichment program.

A NO Vote keeps the state pot tax at 15% and no other changes are made.

A vote for Proposition 115 would not pay for either the K-12’s school education or teacher needs. School districts get their funding from their property taxes. If your property taxes are insufficient, state lawmakers need to replenish with state money.

A yes vote would create the LEAP program: Learning Enrichment and Academic Progress. Students can apply for financial assistance to cover extracurricular learning and enrichment such as: tutoring, targeted support for people with special needs, second language teaching, social, emotional and mental health services.

RELATED: Tips for Upgrading Safe2Tell When Students Return to Class

The money could not be used for school tuition or materials that are part of the school curriculum.

Students from low-income families and those who have not mastered their grade level would receive priority for financial support. You could be eligible for at least $ 1,500 per year for these extracurricular learning and enrichment opportunities.

After-school care providers must be certified by a new Colorado Learning Authority. Parents are not allowed to be responsible for their children. That is not in the ballot question. However, it is the legal language that would be enshrined in law if the voting question were approved.

“Immediate family members are not entitled to qualified service providers in the provision of services for their child or youth,” says the measure.

What would a yes mean for people who buy retail marijuana products?

The Blue Book gives the estimated cost to pot buyers. The data is fascinating.

The graph (page 18 in the link above) shows the estimated impact on retail marijuana consumers, broken down by income level.

State law requires the Legislative Council staff, the creators of the Blue Book, to provide this estimate, but no personally identifiable information is collected when someone purchases marijuana in retail stores. Legislative Council staff based the estimate on information from the US Bureau of Labor Statistics and the Centers for Disease Control and Prevention on tobacco consumption and spending by income group.

The bottom line is that the state estimates that nearly 1.2 million people buy marijuana in retail stores, and if the state tax were to be 20% it would raise an additional $ 137 million.

The graph shows that more people in the lowest income brackets are buying marijuana from retail stores. The state estimates that if the state cannabis tax is 20%, people who buy cannabis and earn less than $ 14,999 will have to pay an additional $ 54 in taxes.

The chart shows people making $ 100,000 to $ 149,999, and people making more than $ 1 million would pay about $ 250 more in taxes, suggesting they have a larger amount of marijuana or more expensive Buy marijuana than those with lower incomes.

RELATED: Housing and Taxes: The Local Issues on Ballot Papers Across the State

If you wish to return your ballot paper by post, it is recommended that you return it by Monday October 25th so that it can be received by Tuesday November 2nd election day.

RELATED: Interactive Map: All of Colorado Polling Centers and Ballot Boxes

SUGGESTED VIDEOS: Full episodes of Next with Kyle Clark

https://www.youtube.com/watch?v=videoseries

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