AURORA | Colorado voters have agreed to allow the state to keep $66 million worth of marijuana taxes despite an accounting error that could have forced the government to refund the money to taxpayers and pot growers.
An error in a pot tax measure approved two years ago led to the ballot measure that passed Tuesday. The error required the state to ask voters again if it could keep the revenue collected last year from a 10 percent sales tax and 15 percent excise tax on recreational pot.
The vote means the state won’t have to refund the $66 million. If Proposition BB failed, the 10 percent sales tax also would have been temporarily cut to almost nothing.
The state will put the money toward school construction and educational and anti-drug efforts.
great to see sensible voting. My $18 wouldn’t fill my tank but it might help with school construction and educational and anti-drug efforts.
Same thing happened in 2005, and money was kept , but was not spent as promised. Wound up with bunch of other projects and pet items. And the next year, the 6% allowed by TABOR over population and economy was base next year. Funny how any mistakes or promises always get to be kept by state. —-Before TABOR there was no limit other than State must balance expenses by revenue.