In August, billion dollar tax hike proponent and Democratic Senator Michael Johnston told the Colorado Independent that Colorado Commits to Kids hoped to line up $6 million to pass the largest tax increase in the history of the state on Colorado’s middle class. He also mentioned this to EdNews Colorado.
What a difference a month makes. New reports by the Colorado Independent suggest that Colorado Commits to Kids may have more funds waiting in the wings than even they initially thought. The rumor is that Commits has donors sitting on $10 to 20 million in funds and they’re waiting until the end to dump the money into its coffers. From the Colorado Independent:
“But political insiders say the campaign has something like $10 million to $20 million “lined up” and is holding the funds and avoiding the noise disclosing that amount of money could generate while quietly building an Obama-style ground-game to win over voters and make sure they cast ballots.”
How worried are proponents of this terrible amendment that they’re gathering tens of millions of dollars to pass this initiative? To put this in perspective, a $20 million campaign means that proponents would be spending at least $4 per person in Colorado (population, approximately five million) to pass this initiative, assuming everyone votes (which they won’t).
But, will this huge influx of money matter? The recall effort showed that even when outspent 7-to-1, when the right is right on the issues and put up their own ground game effort, they can overcome. Of course, the amount that the “No on 66” team will be outspent remains to be seen, but this ballot initiative may test how far special interest money goes – or doesn’t – in Colorado.