At its May 26 special meeting, the Englewood Schools Board of Education passed a resolution in support of ballot initiative 271, Fair Tax Colorado.
Part of the resolution reads:
"...Fair Tax Colorado will create a tiered tax structure where:
- 100% of Coloradans receive a tax cut on the first $250,000 in taxable income as it lowers the current 4.63 percent tax to 4.58 percent.
- 50% of revenue raised is dedicated to pre-primary through twelfth grade education.
- Taxpayers across all income levels will pay a more equal portion of their income in state and local taxes."