Coloradans Back Tax Hike for High Earners to Fund School Meals

Colorado voters approved a ballot measure that lowers income tax deductions for higher-income households to fully fund free breakfast and lunch for all public school students.

Proposition MM—approved by 58% of voters—will increase state tax revenue by $95 million annually to cover the cost of the free meals. Any leftover funding from the program will go toward covering new state expenses to administer the Supplemental Nutrition Assistance Program, or food stamps.

• Households earning $300,000 or more annually will be subject to lower itemized and standard state income tax deductions: $1,000 for single tax return ...