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If I recall, most if not all the money was tagged for schools. Doing a quick search, it looks like CO made $76 million off MJ taxes in 2014. The new high school
by yesiamyourdad 11y ago
If I recall, most if not all the money was tagged for schools. Doing a quick search, it looks like CO made $76 million off MJ taxes in 2014. The new high school in Northfield I believe has a construction budget of around $50 million. That's one high school in a state with 644 high schools, not to mention all the middle and elementary schools. And that's not counting the schools that just need major work done. Denver in particular has many aging schools that need things like new boilers or central air or capital investments like a STEM/STEAM lab.
It seems like a lot of money, but when you look at what costs they're trying to cover, it doesn't go very far.
- ufmace 11y agoSeems like a bit much to compare the annual tax revenue to the total construction budget for a school. AFAIK, any type of construction is typically financed and treated in budgets as being paid off over the course of 30 years or so. Maybe the annual budget for school construction work statewide for the same year?