Politics & Government

Proposition 123: Colorado Voters Will Decide If State Should Direct $290 Million Toward Affordable Housing

The move would transfer one-tenth of 1% of taxable income from the general fund to an affordable housing fund.

The ballot measure would create a permanent revenue stream for affordable housing programs.
The ballot measure would create a permanent revenue stream for affordable housing programs. (Kristin Borden/Patch)

Colorado is now one of the most expensive states to live in and lack of housing is one of the biggest reasons. A measure on the Colorado ballot in the November general election aims to address that.

Proposition 123 would transfer one-tenth of 1% of taxable income - about $290 million - every year from the general fund to an affordable housing fund.

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