Amendment 87 election night results: Live updates
Did you know search engines like Google are changing the way you see news? Keep Chalkbeat’s valuable education coverage at the top of your feeds by clicking here and checking the box next to our name. Whether Colorado overhauls the state’s flat income tax rate is on the line Tuesday night. If approved by voters, Amendment 87 would move the state to a graduated income tax code, with money directed…
The Colorado election night results are being closely watched as voters consider two ballot measures: Amendment 87 and Proposition 136. Amendment 87, if approved, would transition Colorado to a progressive income tax system with six tax brackets and fund education, healthcare, and early childhood programs. The new tax rates would range from 3.7% to 8.4%, with taxpayers earning below $500,000 paying the current 4.4% rate or less.
Proposition 136, on the other hand, seeks to maintain the current flat tax rate of 4.4%. Both measures face uncertainty if both pass, as the state's ballot book does not specify which measure would take effect in such a scenario. Advance Colorado launched Proposition 136 to protect the current Taxpayer Bill of Rights (TABOR), which caps state government spending.
Supporters of Amendment 87 argue it would reduce taxes for 97% of Colorado taxpayers, while opponents claim it could negatively impact working families and seniors.
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