There’s a question on the Nov. 5 ballot that affects school funding in Colorado. If approved by voters, Proposition CC would mean the state government would no longer need to provide tax rebates when state tax revenue increases due to population growth and inflation.
The Colorado Taxpayers Bill of Rights (TABOR) currently includes a provision that places limits on tax revenue and requires rebates. This Chalkbeat article provides a thorough overview of TABOR and Proposition CC.
If Proposition CC is approved and the state no longer needs to provide tax rebates on revenue growth, the tax dollars would be split evenly between public transportation, higher education, and K-12 school districts in Colorado. This would not be a new, dedicated revenue stream. It would be totally dependent on revenue growth, and if there is additional funding it could only go toward one-time expenses, not regular, operating costs.
According to the Chalkbeat article, “The measure calls for money to be distributed on a per-pupil basis, so the 93,000-student Denver district (DPS) could receive anywhere from $4.6 million to $26.3 million a year over the next three years, depending on the economy, compared with $60 million withheld by the state this year…”
If Proposition CC passes, any additional revenue would be used to add air-conditioning or cooling systems to older DPS schools that need them. On Sept. 19, the Denver Board of Education unanimously passed a resolution supporting Proposition CC. “(T)he Board directs the district to invest all of the associated funds to adding classroom-cooling solutions until such time when all district classrooms have classroom-cooling solutions,” the resolution states.
More information about Proposition CC can be found here on Ballotpedia.org.