Colorado Commits to Kids was officially confirmed by the Secretary of State’s office as Amendment 66 today. The Secretary of State confirmed the campaign collected more than the 86,105 signatures required.
“Coloradans support the critically important improvements that Amendment 66 will bring to our public education system, like small class sizes, one-on-one attention for each student, and the chance to see where every dollar is going within each district,” said Gail Klapper, director of the Colorado Forum. The Forum has been working with business, civic and educational leaders for nearly two years to craft an initiative with broad, bipartisan support. “This is our best chance to invest in the future of Colorado and to ensure each child has access to a high-quality education.”
“Momentum and support for the Amendment 66 campaign continues to build and, in the next 63 days, we will work tirelessly to share our message with voters across Colorado, from rural communities to urban centers to suburbs,” said Campaign Director Andrew Freedman.
Amendment 66 will ask voters to approve a two-step state income-tax rate increase to pay for reforms that would make Colorado a national model for PK-12 education:
Step 1: On taxable income up to $75,000, the rate would increase from current 4.63% to 5%
Step 2: Any taxable income above $75,000 would be taxed at a rate of 5.9%
Note: Every taxpayer would pay the 5% rate on their first $75,000 of taxable income
About Amendment 66:
Amendment 66 will modernize Colorado’s P-12 system by:
- Reducing class sizes to offer more one-on-one time between students and teachers;
- Ensuring Colorado kids have a great teacher in every classroom and a great principal in every school;
- Increasing support for gifted and talented students, at-risk students, and English-language learners;
- Strengthening early childhood education by investing in preschool and full-day kindergarten; and
- Providing equal funding to charter schools and district schools, ensuring that students receive the same support no matter the type of school they attend.
Money from Amendment 66 will be placed in the State Education Achievement Fund and can only be used for education reforms and enhancements to existing programs.
Amendment 66 also contains unprecedented accountability and transparency measures. If passed, the state will be required to conduct regular reports to assess the cost of our public education system and the effectiveness of our funding efforts in improving student achievement.The initiative will also establish a state-maintained budget transparency system to allow taxpayers to track spending at every school in the state.