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Senate approves referral asking voters to let state retain excess revenue for K–12; floor erupts over TABOR and transparency
Summary
By a floor vote the Senate approved a referred measure to let the state retain revenue equal to one year of K–12 funding and direct a 2% annual ‘positive factor’ to schools for 10 years; supporters said it would boost teacher pay and school programs, opponents argued it would raise the state spending cap, curb TABOR refunds and leave most new money at legislative discretion.
The Colorado Senate on April 24 adopted a referred measure that would allow the state to retain an amount of revenue equal to one year of K–12 funding and direct a 2% annual increase to public education for the next 10 years while placing remaining excess revenues in a newly named children’s account. Sponsors cast the measure as a voter-directed way to restore long‑promised school funding and shore up teacher pay and classroom supports.
"This measure gives Colorado the chance to invest billions more in our schools over the next decade," said Senator Kevin Bridges, the bill’s sponsor, who argued the measure sets a predictable, accountable stream of state funding that grows with the economy and includes an annual…
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