EDITORIAL: Gov. Polis budget splurges on 5-year-old children
The
sucking sound of big state spending conjures visions of straws — the
plastic kind politicians ban in California. Full Democratic command of
Colorado, Republicans warn, makes us California East.
“Would
you sign a bill banning plastic straws?” we asked Gov. Jared Polis
during a phone conversation Tuesday. “Everyone is talking about it.”
“No
one is talking about it,” the newly elected Democrat replied, chuckling
at our expense, and declining to answer “yes” or “no.”
The
businessman-turned-politician prefers small talk about that little
matter of a $1.2 billion budget surplus generated by economic growth and
the soaring housing market.
Because
of rising home values, mill levies are generating more money for local
schools and saving the state hundreds of millions that contribute to the
surplus.
State
law requires government return a percentage of surplus money directly
to taxpayers, based on a boring formula involving population growth and
inflation. Under that equation, the state will keep hundreds of millions
this year.
It won’t build highways. Our new liberal governor — brace for it — would give these mega-millions to 5 year olds.
Seriously,
it’s not an awful idea. Kindergarten-for-all would function like a
major tax cut for tens of thousands of Colorado parents. Their children,
Polis reminds us, comprise our economic future and tax base.
About
13,000 Colorado children skip kindergarten each year because their
parents cannot afford tuition. Approximately 30,000 attend kindergarten
at a cost to their parents of $400-$500 a month or more. Under Polis
budget plan, all could attend and none would have to. It’s a decision
for households to make, minus the economic obstacle.
Using
surplus dollars, the governor’s budget includes $227 million to provide
“full-day kindergarten to every child, instead of the half-day
kindergarten the state currently funds.”
That
means parents will have between $3,500 and $5,000 more to spend each
year, or to save, on something other than kindergarten. Polis hopes they
might invest it in other educational options for their kids, such as
college tuition or business startups for themselves or their offspring.
Polis
believes the $227 million will free up $100 million some school
districts use to subsidize full-day kindergarten. They can redirect that
money to increase teacher pay and reduce class sizes, he explains.
Bull
markets don’t last forever, so Polis proposes putting $90 million of
surplus cash in the general fund’s reserve account and $92 million in
the state education fund’s savings account.
To
begin delivering on health care, the Polis budget sets aside $1.3
million to design a program that would allow Colorado to import
lower-priced prescription drugs from Canada. He proposes a Saving People
Money on Healthcare Office through the lieutenant governor’s office, to
help Coloradans buy insurance through the state. We will analyze the
governor’s health care policies more in detail as they transpire.
We
would prefer surplus money first go to upgrade deteriorating highways
and bridges. But that’s not what Polis ran on. He promised kindergarten
and health care, and won by a commanding 10.7 percent margin. Voters
made their wishes clear by electing him, while trouncing two ballot
measures to fund transportation — one with a tax increase; the other
with debt and general fund revenues.
The
governor wastes no time trying to deliver on his two most high-profile
campaign items. He insists these measures will grow the economy and we
hope he is right.
In addition
to health care and kindergarten, then-candidate Polis promised pursuit
of a 3 to 5 percent income-tax reduction. Given the tax-cutting goal,
voters should balk if Polis, legislators or petitioners propose another
tax to fix our roads.
Yet, our
roads are dangerous, deadly and inefficient. Polis and the Legislature
must find a way to fix them at a much faster pace, without new taxes,
regardless of commitments to health care and education. That means
making difficult decision and dedicating any additional growth in the
surplus to transportation first. Lead the way to a transportation system
appropriate for the 21st century.
Grow
the surplus, not the tax rate, and make Colorado the shining example
economic growth benefiting all. Make it the non California, with
“California East” a strawman the past.