An online education-focused publication, funded in large part by the Colorado teachers’ union, is the first to report a shockingly audacious plan by newly-empowered legislative Democrats.
In 2013, Ed News Colorado reports legislative Democrats could seek up to $2.75 billion in tax hikes for education.
Colorado voters could face a $1 billion decision on school funding in the November 2013 election, if a complicated two-step reform plan plays out as its backers hope.
Discussions about the issue have been underway for more than a year but have intensified in recent weeks. Backers now plan to make school funding a top issue for the 2013 legislative session – and they hope to have a bill passed by mid-March…
Supporters of finance system reform, led by Democratic Sen. Mike Johnston of Denver, hope to achieve their goals in two steps. First, they want the legislature to pass a thorough modernization of the state’s school finance formula. Then they plan to ask voters for the money to support the new system. If the public doesn’t approve the necessary tax increases the new funding system wouldn’t go into effect.
Johnston’s partner in the effort is Sen. Rollie Heath, D-Boulder and author of a proposed tax increase for education that voters rejected in 2011…
At a meeting last week of what’s called the Technical Advisory Group, which Johnston has used as a sounding board on school finance, he estimated the cost of his suggested reforms at more than $2.75 billion. [Peak emphasis]
Whether it’s a $1 billion tax hike or a $2.75 billion tax hike, it’s enough to do serious damage to a slowly-recovering economy.
And if that isn’t enough to break your bank, the second and third part of their plans definitely will…including requiring local school districts to increase taxes even more to access these dollars: