TABOR Cap Increase for K-12 Education Spending
Plain-English Summary
Colorado lawmakers have passed a ballot measure that proposes to increase the state's TABOR cap, directing more funds towards K-12 education. If approved by voters, the measure would allow the state to retain and spend revenue that would otherwise be refunded to taxpayers under the Taxpayer's Bill of Rights (TABOR). The proposal aims to provide additional resources for schools, particularly for students with disabilities and increased contractor hours.
What each outcome does
If the measure passes, the TABOR cap will increase by the amount the state spends on K-12 education, currently about $4.5 billion annually. Taxpayers would forfeit an estimated $7,381 in TABOR refunds over the next decade, with a portion of the generated revenue going to K-12 education and the remainder to the state's general fund for other services like pre-kindergarten, child care, and higher education.
If the measure fails, the state's TABOR cap will remain unchanged, and taxpayers will continue to receive refunds when state revenue exceeds the current limit. The proposed increase in funding for K-12 education and other services would not occur through this mechanism.
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.