The statewide measure that would set aside tax dollars and create more affordable housing has passed.
Colorado voters narrowly voted in favor of Proposition 123, which will take 0.1% of the state’s federal taxable income to create an affordable housing fund of about $300 million per year. The measure will lower Coloradans’ Taxpayer’s Bill of Rights refund each year.
Results show that 52.4%, or 1,245,139 people, voted in favor of Proposition 123, while 47.6% —1,130,883 people — voted…
