Amendment 73 Factual Summary for D60

posted Oct 29, 2018, 3:38 PM by Radford Sprouse
What is Amendment 73? 
Amendment 73  is the result of the citizen’s ballot initiative #93, known as Great Schools, Thriving Communities (GSTC). Amendment 73 is a statewide school funding initiative that will increase income taxes for 8% of tax filers and for C Corporations, while decreasing property taxes for business property owners, farmers and ranchers. 

It will: 
● stabilize and increase funding statewide for preschool through twelfth grade (P-12) public education 
● create the Quality Public Education Fund that can only be used for public education, is exempt from the TABOR revenue limit, must be used to supplement General Fund appropriations for P-12 public education, and is adjusted each year for inflation up to 5 percent 

How would it impact funding for Pueblo City 60 School District? 
Based on the most recent CDE estimates for 2018-2019, Pueblo City 60 School District would receive $26.7 million in additional ongoing revenue if the initiative were implemented for the 2018-2019 school year.

Review the full Factual Summary by opening the attachment below. 

Radford Sprouse,
Oct 29, 2018, 3:38 PM