Income Tax Measure Still Too Close to Call in Colorado
Legislative Council staff estimates the change would bring in about $1.97 billion in fiscal 2027-28, though economists say taxpayer responses are uncertain.
- On Wednesday, Amendment 87 held a slim lead with 50.4% support in Colorado's general election, proposing to replace the state's 4.4% flat income tax with a graduated system generating approximately $2 billion in additional revenue.
- Conservative group Advance Colorado's Proposition 136, which would cap income taxes at 4.4%, trails in early results, creating potential legal conflict if both competing measures pass simultaneously.
- Proposition NN, directing roughly $500 million to K-12 education annually, is passing with 55.5% support, allowing Colorado to retain funds otherwise refunded to taxpayers by raising the state's revenue cap.
- Governor Jared Polis and Attorney General Phil Weiser opposed Amendment 87, citing concerns over the business environment, while proponents argue the tax restructuring is essential to address recurring budgetary crises.
- If Amendment 87 fails, lawmakers must cut more than $1 billion in the coming year, making the measure's outcome critical to determining Colorado's near-term fiscal trajectory and public service capacity.
49 Articles
49 Articles
Income tax measure still too close to call in Colorado - The Daily Bo Snerdley
(The Center Square) – Amendment 87, which would replace Colorado’s 4.4% flat income tax with a graduated version, continues to face a tight battle. As of Wednesday, the latest election results showed 50.4% of voters for the measure, with 1,099,295 votes, and 49.60% against it with 1,081,719 votes. That’s with 100% of precincts reporting across the state. Constitutional amendments such as Amendment 87 require 55% voter approval, while proposition…
Measure To Tax Rich Coloradans at a Higher Rate Clings to Slight Lead
Colorado voters on Tuesday appeared on the verge of adopting the most sweeping set of changes to the state’s tax code in 34 years, with a ballot measure to raise the constitutionally-mandated revenue cap well ahead in preliminary results, and another to gradually hike income taxes on Coloradans earning over $500,000 a year holding on to a slim lead.
Colorado graduated income tax measure clings to slight lead; TABOR cap increase on track to pass
Colorado voters on Tuesday appeared on the verge of adopting the most sweeping set of changes to the state’s tax code in 34 years, with a ballot measure to raise the constitutionally-mandated revenue cap well ahead in preliminary results, and another to gradually hike income taxes on Coloradans earning over $500,000 a year holding on […]
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