With 5 percent of the vote reporting, Amendment 60 is losing 78 percent to 22 percent, Amendment 61 is losing 76 percent to 24 percent and Proposition 101 is losing 72 percent to 28 percent.
The three were deemed the "Ugly 3" by a group of 600-plus business and non profit groups around Colorado. They were also opposed by lawmakers in both political parties. The three were discussed together as they were pushed by a group called Coloradans for Tax Reforms.
Amendment 60 sought to lower property taxes for individuals and businesses in Colorado and give residents the opportunity to go to the ballot to further lower property taxes. It required the state to backfill the loss of education money from the property tax cut.
Supporters say property taxes have gone up 164 percent ($4 billion) since 1992 and that it would have given seniors some help who lost their property tax break during state budget cuts. Opponents said if you turn over so much of the state budget to education, services would have to be cut or fees would have to be raised.
Amendment 61 sought to ban all new borrowing from the state and to restrict local government borrowing by requiring all debt to be paid back in 10 years. Supporters argued it would stop putting debt on Colorado kids and future generations and encourage a pay as you go mentality. Opponents said the state wouldn't be able to practically build a road, a prison, a new building at a college campus with this as no one has the cash on hand to do that.
Proposition 101 sought to reduce Colorado's income tax from 4.63 to 4.5 percent and eventually to 3.5 percent if the economy was going well. Further, it would have reduced vehicle sales tax and registration fees too, in addition to eliminating all state and local taxes on phones, pagers, cable and Internet. Supporters said these taxes had never been voter approved. Opponents said as the economy has faltered, the need for government services has increased and this measure would have further reduced government's opportunity to help.
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