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Support Proposition BB

Oct 15, 2015

Reasons for Support

Update: 69% voted yes on Proposition BB in the November 2015 election. 

On October 15, 2015,  the Association board took a position in support of Proposition BB. The Association supported BB because it preserves revenues dedicated to vital public services that benefit communities served by nonprofits. If BB does not pass, not only will the General Assembly have to find $66 million to fund these programs, but this would likely require unnecessary cuts to other public services. Nonprofits would also provide some of the services funded by Proposition BB.

About Proposition BB

According to Colorado Legislative Council, Proposition BB amends the Colorado Revised Statutes to authorize the state to retain and use the $66 million generated from the first year of marijuana tax revenue for the following programs:

  • $40 million will be spent on school construction through the Building Excellent Schools Today (BEST) program; and
  • $12 million will be spent to fund the following state programs:
  • $2.5 million to marijuana education;
  • $2 million each to school bullying prevention, grants for programs to prevent students from dropping out of school and youth mentoring services;
  • $1 million each to poison control centers and local government marijuana impact grants;
  • $500,000 to substance abuse screening, intervention, treatment and referral;
  • $300,000 to the Future Farmers of America and 4-H programs at the Colorado State Fair;
  • $200,000 to training peace officers to recognize impaired drivers
  • As final numbers for the 2014-15 fiscal year are still coming in, the remainder of the refund has not been allocated yet.

If Proposition BB does not pass, revenues will be refunded as follows:

  • $25 million to 2015 Colorado taxpayers;
  • $24 million to retail marijuana cultivators;and
  • $17.1 million to retail marijuana purchasers through a temporary marijuana sales tax reduction.

For a Colorado taxpayer filing a single return, the amount of the refund will vary from $6 for annual incomes up to $36,800 to $16 for incomes of $182.400 and over (Legislative Council). Local governments that permit retail marijuana sales would also receive $6.3 million less from the state.

Why Proposition BB is on the ballot

In 2013, Colorado voters approved Proposition AA to authorize taxes on retail marijuana. Actual total state revenues subject to the constitutional limit under the Taxpayer’s Bill of Rights amendment (TABOR) exceeded the amount estimated for Proposition AA in Legislative Council’s 2013 Blue Book. TABOR requires the state to refund the amount collected in the first year of a new tax if either the actual total state revenue subject to the TABOR limit or the revenue from the new taxes exceed the Blue Book estimates. The Colorado General Assembly can ask permission from the voters to keep and use the amount that would otherwise be refunded. The General Assembly adopted HB 15-1367 to refer Proposition BB to the voters.

 

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