Colorado Voters Approve Proposition NN and Amendment 87 for Education Funding

• Proposition NN and Amendment 87 were approved by Colorado voters, securing increased funding for K-12 education.
• Amendment 87 introduces a graduated income tax, expected to raise $2.7 billion annually for the state.
• Lower-income households will pay less in taxes under Amendment 87, while high earners and businesses will pay more.
• This marks the first successful ballot measure for increased education funding in Colorado after failed attempts in 2011 and 2013.
• Colorado think tanks and business groups are concerned about the economic impact of the new tax structure.