State: Can we please keep cash from pot tax?
It’s a question worth either $66 million or about $7, depending on the way you look at it: Should the state be allowed to keep marijuana taxes?
Proposition BB, the only statewide ballot initiative to be decided Nov. 3, asks voters to let the state keep the $66 million in marijuana taxes. According to the state, it would spend about $40 million of that on school construction. Another $12 million would go to various social programs, including marijuana education and prevention, bullying and drop-out prevention programs and youth mentoring services.
The rest has not been earmarked as the total amount collected wasn’t known when the Legislature passed the bill calling for the ballot initiative.
The alternative is refunds to all taxpayers in the state, as mandated by the Taxpayer Bill of Rights, a constitutional amendment that puts a cap on tax collections by the state. If the proposition fails,...
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