More than 100,000 signatures have been delivered to the Idaho Secretary of State’s Office in support of the Quality Education Act ballot measure brought by Reclaim Idaho.
The Lewiston Tribune reports the bulk of the signatures have already been verified by local county clerks; however, a final stamp of approval is needed from the secretary of state before the measure officially qualifies for the November 8th general election ballot.
The Quality Education Act proposes to increase Idaho’s corporate income tax rate from 6% up to 8%. It would also create a new 10.9% income tax bracket for individuals with more than $250,000 in taxable income, or $500,000 for joint filers.
The measure would generate an estimated $323 million per year for K-12 education. That would be about a 14% increase over current state funding.
A total of 64,945 valid signatures are needed for the Quality Education Act to qualify for the November ballot. It also has to have signatures from 6% of registered voters in at least 18 of Idaho’s 35 legislative districts. (Lewiston Tribune)
