Tag Archives: school construction

Marijuana Tax for Schools Hits Record High

MARIJUANA-300A marijuana tax for schools in Colorado raised more in the first five months in 2015 than it did for all of 2014. May excise tax collections reported this week showed the recreational pot tax for school construction raised $3.5 million, bringing the 2015 total to $13.7 million. The tax brought in just $13.3 million in all of 2014. The Continue reading

State to Ask Voters for Exemption in TABOR Laws for Pot Tax Excess

MARIJUANA-300The state plans to ask voters this fall, whether the state should continue to use marijuana tax profits for school construction and other programs. Governor John Hickenlooper signed legislation Thursday that would put the de-brucing question on the November ballot. TABOR laws in Colorado say that all revenue from new taxes Continue reading

State has Best Month of Pot Taxes Yet

MARIJUANA-300Colorado is reporting its best month yet for recreational marijuana sales. Most striking in the January numbers reported this week is a spike in the tax stream designated specifically for schools. That excise tax brought in $2.3 million. That’s more than 10 times the haul from January of 2014, when Colorado started collecting the tax. Continue reading

PILT Program Funded

piltThe Payment in Lieu of Taxes, or PILT, program, which last year provided Colorado counties with $34.5 million to carry out vital services like fire and police protection, school construction, and road maintenance, received $372 million in the government funding bill, which passed Congress this weekend. The bill provides funding for a Continue reading

State Lawmakers to Start Marijuana Tax Spending Discussions

MARIJUANA-300After months of uncertainty about marijuana and its tax potential, Colorado lawmakers start work today deciding how to spend pot taxes.  Voters have already decided to spend the first $40 million on school construction, but anything beyond that is up to lawmakers to appropriate.  Estimates vary widely Continue reading