Colorado voters reject raising taxes to support education

[Newsjock]

Source: Los Angeles Times

In what could be a harbinger of the 2012 election, Colorado voters Tuesday overwhelmingly rejected a measure that would have raised nearly $3 billion for education by temporarily increasing state income, sales and use taxes.

With 59% of the projected vote counted, Proposition 103 was trailing 65% to 35%, the Associated Press reported.

... If Proposition 103 had passed, individual and corporate tax rates would have temporarily jumped from 4.63% to 5% and the sales and use tax rate from 2.9% to 3%, the Associated Press reported.

... The measure's supporters were better funded than its critics, but they were frustrated by tepid support from top Democrats, including new Gov. John Hickenlooper, who said he would not back any tax hikes during his first year in office, the Associated Press reported.

Read more: http://latimesblogs.latimes.com/nationnow/2011/11/colorado-voters-reject-higher-taxes-education.html