Originally published on Wed February 26, 2014 10:29 am
The market for legal recreational marijuana in Colorado is booming, and the state is expecting millions of dollars more in tax revenues that initially projected. That has lawmakers grappling with the best way to spend all of that additional cash.
Colorado voters support taxing recreational marijuana, but gave a crushing defeat to a proposed billion-dollar tax increase for public schools. In this special election edition of Capitol Conversation, Bente Birkeland analyzes the long- term impacts of the election results with political reporters.
Colorado voters gave a mixed reaction at the ballot box on a pair of statewide tax increases during yesterday’s election. As Bente Birkeland reports, voters didn’t want to tax themselves to pay for education, but were overwhelmingly willing to tax recreational marijuana to help rebuild schools.
Supporters of Amendment 66 waged a vigorous get out the vote campaign flush with outside money from the likes of Bill Gates and New York Mayor Michael Bloomberg.
Supporters of a tax increase for K-12 schools turned in petitions today to try and get the measure on the November ballot. They submitted twice the amount required by law. Bente Birkeland has more from the state capitol.
A roughly billion-dollar education tax increase is likely to go before voters this fall. It’s part of a larger package of education reforms state lawmakers passed last session. Bente Birkeland talks to supporters about the challenges ahead, and how they hope the initiative won’t meet the same fate as a similar proposal.