Measure that would raise mineral severance tax is off the ballot

The TIME transportation ballot initiative was disqualified today because more than 42% of its signatures were ruled invalid by the Secretary of State's Office. The TIME voter initiative would have raised sales taxes by 1% and the mining severance tax from 2.5% to 3.5%, to generate over $42 billion for transportation and infrastructure projects.

Rumors have been circulating since the beginning of the month that the initiative was in trouble.