In an effort to keep education affordable, Colorado State University’s Board of Governors unanimously decided to back Proposition CC on Monday, Sept. 9.
The proposition, which will appear on Colorado ballots Nov. 5, aims to allow the state to put extra tax revenue toward education and transportation funding.
Proposition CC will not raise taxes, but instead amend the Taxpayer’s Bill of Rights that is part of Article X in the Colorado Constitution. TABOR places a cap on annual state funding and requires the state to refund taxpayers with any excess revenue each fiscal year, according to the state of Colorado website.
The edit to TABOR would read: “For each fiscal year commencing on or after July 1, 2019, the state is authorized to retain and