Just say no to 60,61 and 101: ballot measures would cripple government and schools.
Position | [ColoradoBIZ] ENDORSEMENTS |
It's rare that business leaders and union organizers agree on political issues. But there's been a strong consensus from both sides of the political aisle to reject Amendments 60, 61 and 101. These measures would damage an already fragile Colorado economy by stifling the ability of government and school systems to provide services.
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Coloradans for Responsible Reform, the bipartisan group fighting the measures, estimates they would lead to the loss of 70,000 public and private-sector jobs both and the elimination of 8,000 school teachers.
Amendment 60 would cut property taxes for schools, with the state making up the shortfall in school funding. It also would allow voters to roll back previous approvals of governments retaining more tax revenue above limits set by the Taxpayers Bill of Rights.
Amendment 61 would prohibit state government from borrowing money and would require local governments to get voter approval to borrow money. Local governments also would be required to repay the debt within 10 years.
Proposition 101 would cut state income taxes from 4.63 percent to 3.5 percent over time, slash vehicle-registration fees and taxes and eliminate all taxes and fees on phones...
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