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Tag: K12 Education

New Federal Tax Credit Could Expand Colorado School Choice Options
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The Colorado Sun, Approved, Commentary, State

New Federal Tax Credit Could Expand Colorado School Choice Options

By Brenda Dickhoner | Commentary, The Colorado Sun State lawmakers made the right move to postpone legislation that would have created barriers for the program. Colorado lawmakers have been working to close a budget gap of more than $1.5 billion, and programs that students and families rely on are under pressure. At the same time, a new federal tax credit gives Colorado a chance to bring substantial philanthropic dollars into education without drawing from the state’s general fund. The Education Freedom Tax Credit allows taxpayers to receive a federal tax credit of up to $1,700 annually for charitable contributions to scholarship-granting organizations that support K-12 students. Essentially, the program encourages private giving to step in where public fun...
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Colorado Democrats Push Plan To Redirect TABOR Refunds To State Spending
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The Denver Gazette, Approved, State

Colorado Democrats Push Plan To Redirect TABOR Refunds To State Spending

By Marianne Goodland | The Denver Gazette A nonpartisan analysis of a proposed ballot measure that seeks to increase public education spending by tapping Taxpayer’s Bill of Rights refunds shows that about 75% of what would otherwise go to Colorado residents wouldn’t actually go to K-12 schools. Instead, those dollars would go into the state’s general fund pot — to be used by lawmakers for whatever purposes they choose. The analysis said that arrangement could start as soon as the 2028-29 fiscal year. What that means, according to the analysis, is that every taxpayer would lose $7,381 in TABOR refunds between the 2026-27 and 2036-37 fiscal years. At its core, TABOR requires a public vote in order to raise taxes. It also limits revenue growth. Notably, it r...
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