Colorado Voters Will Consider Higher Tax Caps to Fund Education

Colorado voters will be asked to decide whether the state should break through constitutionally required caps on the use of tax revenue in a bid to provide more funding for education.

Lawmakers approved a measure (SB26-135) that will set a referendum allowing voters to determine whether the state should have authority to retain and spend tax revenue beyond limits established under the Taxpayer Bill of Rights, also known as TABOR. If approved in November, the state could also boost its support for K-12 education by up to 2% annually for 10 years.

The bill was fully enacted Monday, without ...