Battle Brewing Over Colorado Severance Tax
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Denver Post: It is a heavyweight fight that will pit the state's No. 1 politician against its No. 1 industry. When Gov. Bill Ritter last week threw his support behind a plan to raise taxes on the oil and gas industry - the first time he has endorsed a ballot initiative as governor - he did not pick an easy battle. Instead he chose a campaign that will likely run into the tens of millions of dollars and one in which there is no certainty he will win. The ballot initiative that Ritter is backing would take away a property-tax credit the industry receives and send the estimated $200 million per year into a college scholarship program, as well as several other programs such as wildlife-habitat protection. Ritter said Friday he strongly believes in giving low- and middle-income students a chance to attend college. But he also hinted that he pushed for most of the money to go to scholarships partly to put a good political face on the initiative. Analysts said they think a campaign that puts disadvantaged students front and center won't stop the industry from vigorously attacking the initiative. "I wonder whether the honey in the deal will attract enough bees," said Steve Welchert, a Democratic political consultant. "Scholarships are important, but I wonder if scholarships will attract enough voters." Complicating things, two Republican state lawmakers Friday filed their own ballot initiatives - which, without raising taxes, would raise about the same amount of money for higher education or transportation - the sponsors haven't yet decided.
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