Dudney: Amendment 66’s massive tax increase too much to swallow
On Nov. 5, we will vote “no” on Colorado Amendment 66. Here are the reasons:
1. It professes to raise some $1 billion only “for improvements to pre-school through twelfth-grade public education.” However, money is fungible. This billion dollars going directly to the schools will free up a billion dollars which ordinarily would be allocated to schools from the state’s General Fund. The politicians can then choose to spend the “freed-up” General Fund dollars on whatever they choose. This amendment is just a way around TABOR to raise taxes.
2. Summit County likely would be a net exporter of revenue. That is, it will pay more to the state than it gets back in services.
3. This tax increase would raise everyone’s income tax bill from at least 7 percent to as much as 26 percent, and is permanent. This would be a an additional blow at a time of high unemployment and dramatically higher health care premiums.
4. This tax increase does not require any school reforms, which are desperately needed.
Also, we will vote “no” on town of Breckenridge Issue 2-B. This measure would establish a new $800,000 tax dedicated, in perpetuity, to funding child care scholarships.
The issue here accountability. We believe elected council members should have to vote annually on such an expenditure, taking into account current needs and resources of the town each time they vote.
Robert and Gretchen Dudney
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