A common-sense solution to Colorado’s affordable housing crisis – that won’t raise taxes – is on the ballot this November. It is past time for action to combat skyrocketing rent and mortgage costs. The people that help our communities thrive are being driven out, forced to look for work in places they can afford to live comfortably and raise their families. Proposition 123 is a chance for Coloradans to take matters into our own hands, and set our state on a more affordable and sustainable path to growth and prosperity.
Proposition 123 is not a tax hike. The ballot measure taps into the state’s existing state income tax revenue to deliver hundreds of millions of dollars a year in savings to Coloradans on their rent and mortgage.
Proposition 123 is a sustainable solution that won’t hurt other important programs that need to be funded. In the unlikely event that Colorado is without a budget surplus – right now revenues are $3.5 billion above the TABOR cap and we have a $2 billion budget reserve – the measure gives our state Legislature the flexibility to adapt should our economic situation change.
Voters get to decide whether or not to invest in a sustainable solution to the housing affordability crisis. Vote “yes” on Proposition 123.
Matt Salka
Durango
