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Altaf Rahamatulla on September 16, 2010 - 11:26am
This November, Coloradans will consider three extreme ballot measures, Amendments 60, 61, and Proposition 101, dubbed the "Bad 3." Conceived by notorious anti-government advocate Doug Bruce and billed as tax relief, these proposals would actually threaten the economy and decimate budgets at the state and local level, leaving Colorado with limited ability to invest in communities or necessary public structures.
Republicans Denounce Tax Cuts: Progressives have fought diligently to oppose these "backward-thinking" and fiscally irresponsible initiatives. Organizations, such as ProgressNow Colorado, the Colorado Progressive Coalition, the Bell Policy Center, the Colorado Fiscal Policy Institute, and countless others have expressed their opposition. In addition, numerous state and local officials, county boards, and small businesses have come out against Amendments 60, 61 and Proposition 101.
Those (initiatives) are actually more anarchy than they are fiscally conservative. If those pass, I have no idea what we will do.
Measures Could Cost 73,000 Jobs: In the 2010 Blue Book, the nonpartisan Colorado Legislative Council finds that, if approved, "the measures are estimated to reduce state taxes and fees by $2.1 billion and... would commit almost all of the state's general operating budget to paying for... K-12 education, leaving little for other government services. In addition, the prohibition on borrowing will increase budget pressures." On top of that, the proposals would cause the state to lose 73,000 jobs, mainly in transportation, health care, and construction, and lead to a cumulative state and local deficit of $4.2 billion.