Proposition NN election night results: Live updates

Colorado voters will vote on Tuesday to decide whether to approve Proposition NN, a measure that could allocate billions of dollars for K-12 education. The proposal would allow Colorado to keep more tax money by increasing the revenue cap, which is currently governed by the Taxpayer’s Bill of Rights (TABOR). By increasing the state’s revenue cap, Colorado would be required to increase education funding by 2% annually for the next decade.

Following the initial increase, legislators would still need to allocate funds for education, but could also finance other programs.

The measure, supported by over 70 advocacy groups and school boards, including the Colorado Education Association, Colorado Association of School Boards, and the American Federation of Teachers, estimates that Colorado could retain up to $4.6 billion in additional tax revenue over a 10-year period. However, the actual amount collected would likely be around $500 million in the first year.

If Proposition NN is approved, legislators would be required to first use the funds to help support school districts, teacher pay raises, career education, and reduced class sizes. Additional monies might also be allocated for students with disabilities and other services, with any remaining money earmarked for preschool and child care. The measure has garnered support from a diverse coalition of organizations, while a group of conservative-backed TABOR advocacy groups has expressed opposition.