In one of the most significant potential changes to state fiscal policy in decades, Colorado voters this November will be asked to permanently eliminate a revenue cap that has both restrained and reshaped state government since 1992.
The ask of voters is relatively modest: Forgo the occasional refund under the Taxpayer’s Bill of Rights — estimated at worth between $20 and a few hundred dollars for the typical household, according to the latest economic forecasts.
Nonetheless, the referendum known as Proposition CC backed by Gov. Jared Polis has the potential to be nothing short of a watershed moment in Colorado politics.
To supporters, it’s a long overdue change to TABOR that will allow the state to reinvest in essential public services that have atrophied over two recessions even as budget demands have grown. To opponents, it’s an unwelcome expansion of a state government that they view as too large already, thanks to an explosion of fees in the TABOR era.
And to both sides, it represents a critical battle in a broader ideological war over the proper size and scope of Colorado’s state government.