Constitutional measure to establish a graduated income tax system in Colorado
Plain-English Summary
This measure proposes to amend the Colorado constitution to replace the current flat income tax rate with a graduated system. It would increase taxes for the highest earners while slightly reducing them for others. The initiative aims to generate additional state revenue for education, childcare, and healthcare.
What each outcome does
If Initiative 195 passes, Colorado's income tax system will become graduated, with higher earners paying increased rates and lower earners seeing a slight reduction. This would generate an estimated $2 billion in additional state revenue by fiscal year 2027-28, directed towards K-12 education, childcare, and healthcare programs.
If Initiative 195 fails, Colorado's current flat income tax rate of 4.4% for all earners will remain in place. The state would not gain the estimated $2 billion in additional revenue, potentially leading to continued budget shortages for public services.
Who is funding each side
BallotPulse is non-partisan. We summarize each outcome in plain English and disclose the money on both sides. We do not tell you how to vote. Always read the official ballot text and decide for yourself.