Election Results: Colorado Proposition 103 rejected by voters
By Al Ortiz
Most precincts have reported their numbers, and as of 9:07 MST, 64% of voters in 77% of the precincts in the state have voted "no" on the measure. Results were definitive enough for The Denver Post to even declare that the measure had been defeated within an hour of polls closing.
Proposition 103 was the only measure on Colorado's ballot this year, and proposed to increase the state income and sales tax. Specifically, it would increase the state income tax to 5 percent and the sales tax to 3 percent. Currently, the income tax is 4.63 percent and the sales tax is 2.9 percent.
The revenue generated from the tax increase would have been used to help fund education in the state.
|CISS||Proposition 103||Taxes||Would increase income and sales tax in the state.|
- Colorado Sales and Income Tax Increase Initiative, Proposition 103 (2011)
- Colorado 2012 ballot measures
- Colorado General Assembly
- 2012 ballot measures