Amendment 72 - No More Government Waste
Amendment 72 is a harmful ballot initiative that promises to lock $315 million in spending into Colorado’s Constitution. In response to “Yes on 72: Let’s keep fighting a killer,” published on October 1, 2016, Colorado has already received over $1.6 billion from the tobacco industry that could have been used to combat smoking, but the state instead diverted the funds to other unrelated government programs.
Over the next seven years, Colorado could receive an additional $1.2 billion from tobacco companies. If this funding hasn’t been used properly in the past, what makes this new $315 million tax any different? Only 20 percent of the new funds collected would be directed towards smoking and cessation programs. And over half of the $315 million goes to programs that have not been determined yet. Blank check spending just doesn’t work.
If Colorado is going to lock more spending into the Constitution, voters deserve to know where and how their tax dollars will be spent and that they will not be wasted.
Amendment 72 - a Dollar Disappearing Act
If passed this November, Amendment 72 promises to lock in $315 million in new spending deep in Colorado’s Constitution – spending that can’t be changed without another statewide vote of the people. In response to “Yes on 72: Let’s keep fighting a killer,” published on October 1, voters deserve to know exactly how this money will be spent and that it will not be wasted. As it’s written, Amendment 72 offers little accountability and virtually no oversight.
Over 50 percent of the new tax dollars would be awarded to grant programs where guidelines haven’t been written yet. One of the agencies responsible for awarding the grants from this new tax was cited as needing stronger conflict of interest policies. This leaves a lot of room for waste and abuse of taxpayers’ hard-earned dollars.
Amendment 72 is nothing more than an attempt to use the initiative process to lock in government grant spending for programs to fund the pet projects of the Amendment’s supporters.