Money From Marijuana Taxes Doesn’t Fix Colorado Teachers’ Problems

The 2012 voter-approved constitutional amendment permitting marijuana sales to adults got a boost from a commitment to send millions of dollars to Colorado schools.

But those taxes are a small share of the multibillion-dollar education budget.

Last year, for example, marijuana taxes sent to the Colorado Department of Education totaled $90.3 million, while the state budget included a total of $5.6 billion for K-12 education.

The constitutional amendment required that the first $40 million in taxes on wholesale marijuana go into a fund for school construction or maintenance. But schools say they need nearly $18 billion for capital costs through 2018.

Kathleen Foody, The Associated Press

Powered by WPeMatico