Colorado “No on Ref C” Fact of Day from CUT and NTU

Fact #11: Politicians Will Be Able to Misuse Funds from the Ref C Tax Hike

Supporters have repeatedly claimed that the $3.7 billion the State plans to collect under Referendum C will be used exclusively to fund health care, public education, transportation, and local fire and police pensions. The reality is that restrictions on where the additional tax revenue can be spent are meaningless. Money is fungible – that is, it can easily be transferred from one program to another. There is no guarantee that any of these funding priorities will receive additional resources and not be used on politicians’ pet projects.