taxes

Bente Birkeland / RMCR

As a result of Colorado's booming oil production, energy companies are paying more in severance taxes – money they pay the state for taking minerals out of the ground. Half of it is supposed to go to back to local communities, both directly and through grants. But thanks to market forces and political conditions in Denver, it's not always a stable source of funding.

file

As they prepare to write the annual budget, there's mixed news for Colorado lawmakers. The latest revenue forecast shows the economy will remain strong, but there is a lot of uncertainty going forward, especially when it comes to low oil prices and how it ripples through the state's economy.

file

Colorado’s legislative session wrapped up with a quiet final day, as lawmakers put the finishing touches on several bills and gave tributes to outgoing members. And as Bente Birkeland reports, one of the least controversial measures passed after last minute negotiations.

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.

file

Gay and lesbian couples who are legally married in another state may soon be able to file a joint tax return in Colorado. Birkeland has more from the state capitol.
 

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.

It wasn’t enough to convince voters to say “yes.”

Education Campaign Kicks Off

Aug 5, 2013

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.

Education Tax Ballot Initiative

Aug 2, 2013

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.