Podcasts Government Across the States The Latest Threat to the Colorado Taxpayers Bill of Rights

The Latest Threat to the Colorado Taxpayers Bill of Rights

Published: July 12, 2023, 3 p.m.

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An upcoming ballot measure in Colorado would allow massive expansion in government spending and weaken the Colorado Taxpayer\\u2019s Bill of Rights (TABOR), the nation\\u2019s strongest taxpayer protection. At the tail end of Colorado\\u2019s legislative session, Governor Jared Polis signed a property tax bill that now requires voter approval. If approved, TABOR would be gutted in exchange for a small short term cut to property taxes. Known as Proposition HH, this proposal tempts voters with the promise of property tax cuts, while its real purpose is to water-down TABOR\\u2019s revenue and spending limits.

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Ben Murrey, Director of Fiscal Policy at the Independence Institute described the package as a \\u201cboondoggle of a property tax plan.\\u201d According to The Center Square, it would decrease TABOR refunds by 23%.

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TABOR is the gold standard for tax and expenditure limits (TELs). Since its adoption by voters as a state constitutional amendment in 1992, it has helped to restrain the growth of government and returned billions of dollars to Colorado taxpayers.

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The attacks on TABOR aren\\u2019t new. The property tax \\u201ccut\\u201d is only the latest gimmicky attempt to unleash the leviathan of big government on hard-working Coloradans.

Special Guest: Nick Stark.

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