January 7, 2018

Denver Post: Finances for Colorado State, CU athletic departments in limbo with U.S. tax overhaul

As a loyal Buffs fan, he’s dismayed that tax reform legislation might hurt programs like the one he’s supported nearly all his life. Included in the sweeping legislation passed last month is a provision ending tax deductions for ticket-related donations to universities. Colorado and Colorado State combined to generate roughly $12 million annually through these specific gifts, and as of Jan. 1 the federal government no longer picks up a percentage of the tab come tax season.

“I think it’s a terrible mistake,” Schmausser said.