On September 12, the St. Vrain Valley School District Board of Education passed a resolution in support of Amendment 73, a measure that would increase Colorado’s investment in public education statewide.
On the same night, Grassroots St. Vrain also presented a resolution at the Board of Education meeting.
Are you wondering how Amendment 73 will impact you or your business? Use this calculator from the Colorado School Finance Project for an estimate.
Amendment 73 will increase Colorado’s investment in PreK-12 public education by implementing a graduated income tax that will impact households earning more than $150,000 of taxable income annually.
Amendment 73 also reduces the assessment rate on non-residential property from 29% to 24% and sets the assessment rate on residential property to 7% for property taxes levied by school districts only. In both cases these rates will remain constant to stabilize the local contribution to public education.