Tax

A teacher who helped raise $40,000 at the beginning of the pandemic for families just got hit with a hefty tax bill.

DENVER (AP) — A state panel set up to regulate marijuana in Colorado is recommending that lawmakers enact a 15 percent excise tax, with the profits going to school construction.

Yesterday questions arose thanks to an audit on whether or not state officials are abiding by the law when handing out money from the state tobacco tax. The money is supposed to go towards efforts to curb smoking in public beyond what the state has already cracked down on and made illegal, like smoking in bars.