Fort Collins Schools Won’t Get Marijuana Money

COLORADO:  When Colorado residents legalized the retail sale of marijuana in 2013, some supported the measure because a portion of tax revenue was destined to boost school funding.

However, Poudre School District will not receive a dime of that money. Fort Collins-area parents who see critical needs in the district’s 50 schools, including a lack of air conditioning in some schools, are angry.

The constitutional amendment to legalize retail pot sales promised the first $40 million collected from a 15 percent excise tax on unprocessed retail marijuana would be used to help Colorado’s 178 public school districts.

The tax goes into the public school capital construction assistance fund and is transferred to the state’s Building Excellent Schools Today, or BEST, competitive grant program. Funding awarded through the program established in 2008 can be used for construction of new schools, renovation of existing public school facilities or addressing critical public health and safety issues.

 

Read full article @ Coloradoan