Nov 05

Government & Regulations Proposition CC effort to increase funding for transportation and education rejected by voters

By Ed Sealover  – Reporter, Denver Business Journal

Colorado voters on Tuesday rejected a plan to increase funding for highway improvements for the third time in two elections, defeating a statewide ballot initiative that sought to end future tax refunds in years when the state collects too much revenue and put that money instead to transportation, K-12 and higher education.

The defeat of Proposition CC, which was put onto the ballot largely along Democratic-led partisan lines during the 2019 legislative session but was backed by a number of business and education groups in a campaign this fall, was swift and sure. By the time more than 1 million ballots had been counted around 8:10 p.m., it already was down by a 12-point margin that was growing wider, and Colorado Republican Party Chairman Ken Buck had put out a statement saying that voters rejected what amounted to a grab of their tax money without a rock-solid guarantee of how it would be spent.

“Colorado taxpayers were the clear winner in tonight’s defeat of Proposition CC,” Buck said in a statement. “Governor (Jared) Polis and the liberal State Legislature overreached once again but were unsuccessful in deceiving the voters of Colorado to fund their reckless spending spree.”

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Nov 05

The Most Important Ballot Initiative of 2019

November 4, 2019 by Dan Mitchell

Last November, voters in some states had the opportunity to accept or reject some very important initiatives, including votes on Colorado’s flat tax, Arizona’s school choice system, and a carbon tax in the state of Washington.

Since 2019 is an off-year election, there aren’t as many initiatives and referendums. But one of them is vitally important. Politicians in Colorado are hoping voters will approve Proposition CC, which would gut the Taxpayer Bill of Rights (TABOR) and thus allow more government spending.

Why is TABOR worth defending? Because it’s far and away the most effective and well-designed fiscal rule in the United States.

It’s basically a spending cap, which is the ideal fiscal policy, and here’s a description of how it works that I shared last year.

Colorado voters adopted The Taxpayer’s Bill of Rights in 1992. TABOR allows government spending to grow each year at the rate of inflation-plus-population. Government can increase faster whenever voters consent. Likewise, tax rates can be increased whenever voters consent. …The Taxpayer’s Bill of Rights requires that excess government revenues be refunded to taxpayers, unless taxpayers vote to let the government keep the revenue.

Proposition CC doesn’t fully repeal TABOR, but it allows politicians to keep – and spend – excess tax revenues.

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Nov 04

Norquist & Gleason: Fate our nation’s most important taxpayer protection measure hangs in the balance


The 2020 presidential campaign is dominating media coverage, but in just a few days, on Nov. 5, the voters (not a poll) of the battleground state of Colorado will determine the future of the nation’s strongest and most effective tax and expenditure limitation measure, known as the Taxpayer Bill of Rights (TABOR).

Approved by more than 53 percent of voters in 1992, Colorado’s TABOR mandates that state revenue cannot grow faster than the combined rate of inflation and population growth. State revenue collected in excess of the TABOR cap is refunded to taxpayers. TABOR also requires lawmakers to get voter approval for all tax increases.

It is projected that Colorado state government will have to refund roughly $500 million to Colorado taxpayers in 2020 due to revenue collections coming in above the TABOR cap. The progressive Democrats who run Colorado’s state legislature and Democratic Gov. Jared Polis are working to prevent those and all future refunds from happening with a measure referred to the November 2019 ballot that seeks to kill the Taxpayer Bill of Rights.

Proposition CC, which will appear on the statewide ballot in Colorado this fall, asks Colorado voters to allow state government to keep money that is supposed to be sent back to taxpayers in accordance with TABOR. Passage of Proposition CC would mean the end of the TABOR and the result would be a significantly higher tax burden in perpetuity for individuals, families, and employers across Colorado.

 

 

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Nov 01

Coloradans for Prosperity is sending people voter “report cards.” Here’s who the group is and what they want.

Voters cast ballots at a polling location in Denver on Tuesday, Nov. 6, 2018. (Jesse Paul, The Colorado Sun)

Coloradans for Prosperity is sending people voter “report cards.” Here’s who the group is and what they want.

The Democratic-leaning issue committee is supporting Proposition CC, which seeks to eliminate state spending caps under TABOR. Turnout among Democrats for the 2019 election has been low.


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