By Marissa Ventrelli | Colorado Politics
Colorado Democrats want to increase the tax obligation of Coloradans earning at least $300,000 and allow the state to keep dollars due to be refunded to residents under two ballot proposals they say would fix a $50 million deficit in a program meant to provide free meals to all students.
If the ballot measures succeed, taxpayers under this income bracket will pay an average of $385 more in tax obligations for individuals and $570 for joint filers.
The proposals would generate about $107 million a year.