The Steamboat Springs School Board will vote Monday whether to endorse a proposed state tax increase that would raise an estimated $2.9 billion for Colorado public schools over five years.
If passed by voters in November, Proposition 103 would raise funds for public schools by increasing the state income tax rate from 4.63 percent to 5 percent and raise the state sales tax rate from 2.9 to 3 percent beginning Jan. 1.
Steamboat Springs school board president Robin Crossan and Vice President Brian Kelly were early supporters of the initiative that was recently OK’d for the ballot. Kelly said Sunday the school district could use the additional revenue from the tax increase to sustain school programs in the wake of potential budget cuts.
“We would be able to use it to keep programs that may be endangered in the next year or two,” Kelly said. “We were able to sustain them this year, but that will not continue indefinitely as the money dries up.”
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