Gov. Jared Polis urged voters to approve Proposition CC in a news conference Wednesday flanked by lawmakers and university leaders.
“I’ll be voting for Prop CC because it will help us to invest in roads and bridges and invest in our schools with no new taxes,” Polis said during the news conference held at Metro State University Denver. “With support from voters, Prop CC will finally allow the state to begin fixing things.”
Proposition CC, which will appear on the November ballot, asks voters to allow state government to keep excess revenues that are typically refunded under the Taxpayer’s Bill of Rights (TABOR). TABOR, approved by voters in 1992, is a constitutional amendment that requires voter approval for all tax hikes.
A ballot measure guide released last month estimates that if approved, Proposition CC would allow state government to collect $310 million in fiscal year 2021 and $342 million in fiscal 2022.
That money would be split evenly between K-12 education, higher education and transportation.
Colorado Rising Action, a conservative advocacy group that’s part of the “No on CC” coalition, said the proposition is a tax increase.
“What the proponents won’t tell you is that this is a huge tax increase,” said Michael Fields, the group’s executive director. “It’s also a blank check – with no guarantee where the money will be spent. The legislature should prioritize fixing our roads without taking away our TABOR tax refunds forever.”
Among those flanking Polis Wednesday were House Speaker K.C. Becker, D-Boulder, Sen. Kevin Priola, R-Henderson, MSU Denver President Janine Davidson, and University of Colorado President Mark Kennedy.
Davidson said Proposition CC would “expand opportunity to even more Coloradans.”
“It’s supported by colleges and universities and students and parents all over Colorado,” she added.
A foundation for the university also donated $25,000 to the “Yes on Prop CC” campaign, Davidson said.
Priola said the proposition is “a great opportunity to invest in the state without any new taxes.”