Independence Institute

By Nash Herman and Jake Fogleman | Independence Institute Executive Summary In 2022, Proposition FF created Colorado’s Healthy School Meals for All (HSMA) program, offering free school lunches to all students regardless of family income, funded by capping state income tax deductions for households earning over $300,000.  The program’s costs far exceeded expectations in its first year, creating a $56 million shortfall despite earlier warnings that it was likely to be unsustainable.  Proposition LL would let the state permanently retain and spend excess revenue from Prop FF, exempting it from TABOR refund limits going forward.  Proposition MM would institute another income tax hike by further lowering deduction caps, while also diverting some new revenue to fun...