We are grateful for the support and hard work of nonprofits throughout the state on Amendment 66. Over the last few months, we’ve reached out to nonprofits to generate discussion and support for a new approach to school finance in Colorado. While voters determined that now is not the time to raise taxes to change how we fund Colorado’s schools, we are proud of the work by Colorado nonprofits to move this discussion forward.
Having a strong P-12 education system is vital for our children, the prosperity of our communities and the effectiveness of our nonprofit workforce. Colorado’s fiscal policies should support the ability of our state to provide essential public services. We supported Amendment 66 as a step toward finding long-term solutions to our state’s fiscal challenges. Every Coloradan has a stake in the outcome of discussions like these.
For every nonprofit who endorsed, reached out to their communities, and discussed Amendment 66 with their boards, we greatly appreciate your efforts. For those nonprofits who had doubts about raising taxes or the reforms in contained in Amendment 66, we invite and welcome your views. The problems Amendment 66 sought to address are not going away. As trusted nonpartisan voices who can develop solutions to community problems, nonprofits have a key role to play in discussions like school reform and state revenues. Our voice will make a difference.
We look forward to continued dialogue on these and other issues important to our state’s future.
Renny Fagan, President and CEO
Reason for Support
Colorado’s schools and teachers are responsible for preparing our students for a changing and competitive world. Our investments in a high quality education system should give our state and our children the opportunity to be successful. These investments should reflect a commitment to reduce class sizes, get the best teachers in the classroom, and provide more modern and technologically advanced classrooms.
As nonprofits require a skilled and educated workforce to strengthen communities and enrich lives, the success of Colorado’s schools is integral to an effective nonprofit sector. Colorado Nonprofit Association supports Amendment 66 to strengthen the K-12 education system for our children, our communities and for Colorado’s future.
About Amendment 66
Amendment 66 raises revenue to implement changes made by SB 13-213 to:
- Reduce class sizes by expanding local control over funding and hiring more than 1000 new teachers statewide.
- Invest in early childhood education. Amendment 66 would provide funding to enroll 25,000 at-risk three and four year olds in high quality preschool and make full-day kindergarten available.
- Support students by providing additional funding for special education programs, gifted and talented students, and supporting at-risk students and English Language Learners.
- Ensure accountability by allowing taxpayers to compare school spending across the state and by conducting ongoing evaluations for cost and effectiveness.
- Strengthen professional development for principals and teachers.
- Allow districts to offer longer school days or years and flexible learning opportunities such as online learning, work study, internships, and concurrent enrollment.
- Increase funding for charter schools and small and rural districts.
- Investments in classroom technology.
Making these investments requires additional revenues. Amendment 66 asks voters to increase tax from 4.63 percent to 5.0 percent on the first $75,000 of taxable income, and to 5.9 percent for taxable income above $75,000. Median income households would pay an additional $133 per year or roughly $.0.36 a day. Click here for more information on how tax rates would be affected. Click here to use the tax calculator and estimate the effect on your income taxes.
Amendment 66 also modifies Amendment 23 to achieve greater stability and flexibility in the state budget. Rather than increasing school funding each year by inflation no matter what, Amendment 66 requires that – at a minimum – 43 percent of the state’s general fund be designated to Pre-K through 12th grade education each year, in addition to the new revenue generated by this initiative. Colorado has spent 46 percent of general fund dollars on average over the last thirteen years, according to Colorado Legislative Council.
- Senate Bill 13-213
- Amendment 66
- District by District Comparison of SB 13-213 funding.
- Blue book summary.
- Fiscal impact and summary of SB 13-213
- Great Education Colorado- School Funding Statistics
- Fact sheet
- Amendment 66 Toolkit
- Election Results