At its Oct. 6 regular meeting, the Board of Education passed resolutions in opposition to Proposition 119 and Proposition 120.
What does Proposition 119 do? (Source: 2021 State Ballot Information Booklet)
The measure creates the Learning Enrichment and Academic Progress program (program) to provide financial aid and support to eligible Colorado youth to access out-of-school learning and enrichment opportunities like tutoring. Children between the ages of 5 and 17 who live in Colorado will be eligible to apply for the program. The program will be funded using revenue raised from increasing retail marijuana taxes by 5 percent over three years, plus an estimated $20 million annually from the General Fund. Additionally, the measure diverts approximately $20 million annually from the State Land Trust, which helps fund public schools, to the State Public School Fund.
What does Proposition 120 do? (Source: 2021 State Ballot Information Booklet)
Proposition 120 proposes amending the Colorado statutes to:
- lower the property tax assessment rates for multifamily housing and lodging properties; and
- allow the state to retain money above constitutional spending limits if it is used to fund existing property tax exemptions.
You can read more about all of the state ballot measures in the 2021 State Ballot Information Booklet, commonly referred to as the Blue Book.