Income inequality surges in Colorado, according to new report
The gap between the wealthiest Coloradans and everyone else turned into a chasm following the Great Recession, according to a report released today. In that time, Colorado's top 1 percent accounted for all of the state's growth in income, while the other 99 percent saw a decline in income.
Wade Buchanan, president of the Bell, testified on Wednesday against House Bill 14-1120, which would have denied Colorado voters the chance to fund the Future School Finance Act after this year.
The finance act was passed by the legislature last year, but it goes into effect only if voters approve funding for it. Even though Amendment 66 failed in November, the act gives voters until 2107 to consider funding proposals. HB 1120 would have halted any such ballot measures after this year.
My name is Frank Waterous, and I am a senior policy analyst with the Bell Policy Center. The Bell is a non-partisan, non-profit research and policy organization founded on progressive values and dedicated to expanding opportunity for all Coloradans.