Securing tobacco and nicotine tax revenue for Colorado preschool funding

From MeKesse business department research,In 2020, Colorado voters approved higher taxes on tobacco and nicotine products to fund a universal preschool program.
The increased taxes generated $24 million more than expected, so a bill was passed to keep the extra money.
Proposition II asks voters to let the state keep all future revenue from the taxes to expand the preschool program.
If rejected, excess revenue will be returned to wholesalers and distributors, and tax rates will be cut to prevent future excess.

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