I'm sure you are as tired of all of the political ads and coverage as I am, but I wanted to share a ballot initiative in my home state because of its tie to higher education funding. The Denver Post is reporting on Amendment 50 in today's edition. If approved by voters, the amendment would allow "Colorado's three mountain gambling towns... to raise the maximum bet at casinos from $5 to $100," and "also could allow casinos to expand to 24-hour operations, and add craps and roulette."
"Amendment 50 would earmark much of the additional revenue for the state's community colleges to use toward financial aid and classroom instruction." With approval, it is estimated that the amendment could bring "$220 million in gaming-tax revenue over the first five years."
The article chronicles the benefits and drawbacks associated with the proposed amendment-- both for the gambling communities and for a number of constituents on both sides of the issue across the state.
I'm not going to say how I voted (but I encourage everyone to vote regardless of their beliefs or affiliations). Instead, I wanted to point out the interesting approach being taken to fund higher ed. Any unique funding options on the ballot in your neck of the woods?
-- Teresa
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