Amendment 58

9News.com Summary of 58
There is no certainty that the pass-through of taxes would actually happen had 58 passed, like Gov. Ritter stated is his position paper. Not only would gas and oil prices fluctuate slightly, but public services are regulated by the state so rates are not irresponsibly increased. Coloradans are concerned that making an industry responsible might raise fuel rates for their consumption, but it just doesn't work like that.
Now that elections have passed it is surprising that Colorado voters allowed the oil and gas industry to continue to receive substantial financial breaks. Smaller wells are actually supported by the measure, so why did we not support them? What happens when all the oil and gas wells dry up, how much money will the state be able to receive when there is no industry?

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