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Colorado Voters Reject $2.9 Billion Tax Increase for Schools

Nov. 1 (Bloomberg) -- Colorado voters turned down a citizen initiative to raise taxes by $2.9 billion for an education system that ranks 39th in the U.S. in spending per student.

Proposition 103, the only statewide tax vote on the ballot, failed 64-36 percent with 72 percent of the projected vote counted, the Associated Press said.

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To contact the reporter on this story: Jennifer Oldham in Denver at joldham1@bloomberg.net

To contact the editor responsible for this story: Pete Young at pyoung13@bloomberg.net

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