As the weather grows colder, Election Day grows closer. November 6 is fast approaching, and so are decisions that will directly impact the lives of Coloradans statewide. The time is now to get informed about Proposition 112 — an initiative that requires an unnecessary and unfounded 2,500-foot setback between energy harvesting sites and any location that the government deems “vulnerable.”
The proposed 2,500-foot setback is an excessive, baseless distance. setback would cover the majority of Colorado’s surface area, effectively barring the oil and gas industry in the Centennial State.
What will this proposition mean for you, Colorado’s constituents inside and outside the oil and gas industry? As it turns out, Proposition 112 would hurt hundreds of thousands of Colorado’s citizens. These setbacks will wreak major damage to the economy, eliminating $1 billion in much-needed state and local tax revenue annually, and that’s just scratching the surface.
Here are three eye-opening facts about Proposition 112 — and the reckless dangers it poses — that all responsible, well-informed Colorado voters should know before they head to the polls:
- Hundreds of thousands of Coloradans will lose their jobs.
If Proposition 112 is allowed to pass, 43,000 jobs will be lost within the first year of the policy’s implementation. By 2030, 147,800 jobs that once provided a stable income to Colorado’s citizens will vanish.
- Employment inside and outside the oil and gas industry will decline.
Just because you don’t work in the oil and gas industry doesn’t mean you’re immune to the impacts of Proposition 112. In fact, 77 percent of all jobs lost will be outside the oil and gas industry. Due to the enormous economic weight held by the oil and gas industry, the effect on Colorado as a whole will be extreme, impacting industries including education, real estate, hospitality, public safety services and far beyond.
- Colorado’s schools and local services will lose critically needed funding.
The oil and gas industry’s presence in Colorado generates an abundance of tax revenue for the state. These funds are used to support local services, such as road paving and local police and fire stations, as well as Colorado’s schools and neighborhood programs. If Proposition 112 passes, that tax revenue will dwindle. As a result, $7 billion to 9 billion dollars that would normally fund local services and schools will be lost.
Don’t let these three sobering facts become three harsh realities for our state and its people and families. Make sure you and your fellow Coloradans are fully informed about all of the crippling setbacks Proposition 112 will cause. Make sure your voice is heard and that Colorado’s economy is protected. Get out and vote NO on this dangerous ballot measure on Election Day!