If three ballot initiatives aimed at cutting taxes and limiting government borrowing pass, the state could lose 73,000 jobs, including 8,000 teachers.
That’s the dire word from a coalition of teachers’ unions, business leaders and economic development officials lined up to opposed Amendments 60 and 61, and Proposition 101.
“There has never been a greater threat to our economic viability and collective ability to attract and retain quality jobs…” the news release said.
If all three measures pass, income taxes will be cut by 25 percent, school taxes will be reduced by 50 percent and car fees will be nearly eliminated. That will mean a $4.2 billion cut in the state and local government budget and governments will be unable to borrow money for long term, infrastructure projects, the release said.
The Colorado Springs Economic Development Corp. joins with 38 other organizations to oppose the three measures, including the American Society of Civil Engineers, Bibliophiles United, CASA of the Pikes Peak Region, Cheyenne Mountain School District 12, Citizen’s Project, The Colorado Springs Police Protective Association.