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Month: May 2020
TABOR Emergency Taxes at the State level
TABOR Emergency Taxes at the State level Emergency taxes are a contingency written into the Taxpayer’s Bill of Rights. In response to the decline in revenues due to the pandemic economic shutdown, activists on the ....
From An Editorial On May 5, 2019: State Could Go Off A Fiscal Cliff
State could go off a fiscal cliff By: Barry W Poulson May 5, 2019 Colorado has created a fiscal cliff; the state is woefully unprepared for the revenue shortfall that will accompany the next recession. ....
TABOR and COVID 19: We’re All Gonna Pay
TABOR and COVID 19: We’re all gonna pay Blog post by Christine Burtt 5/26/2020 – 4 minute read Let’s face it. You can’t shut down the economy, borrow trillions of dollars to subsidize households and ....
Worst Public Pension Quarterly Results Reported-Reality Is Far Worse
Public pensions, including PERA, had their worst investment return quarter ever in 1Q20. State pensions, on average, lost 13.2% in the quarter. However, the losses are worse than reported due to secrecy agreements in place ....
Independence Institute Launches Tax Reduction Ballot Initiative
Independence Institute Launches Tax Reduction Ballot Initiative May 18, 2020 Fiscal Policy Center To “Energize our Economy” Independence Institute Launches Tax Reduction Ballot Initiative May 18, 2020 Denver – Independence Institute, Colorado’s free-market think tank, announces ....
TABOR repeal is off the table for 2020. Now it’s Initiative 271, a $2 billion tax hike
TABOR repeal is off the table for 2020. Now it’s Initiative 271, a $2 billion tax hike targeting the wealthy Vision 2020 Colorado, a coalition behind a tax system overhaul, tells The Sun it will ....
Colorado’s State Budget Needs Cutting
http://coloradosun.com/2020/05/15/jim-morrissey-colorado-delicate-budget-operation/?utm_source=The+Colorado+Sun&utm_campaign=9823376a7f-Sun-Up&utm_medium=email&utm_term=0_2e5f9a0f1b-9823376a7f-64925121&mc_cid=9823376a7f&mc_eid=85f697f874&fbclid=IwAR3W2tJN0HFHvaxLvobX36jYdk6PnN6ydFgy5NNYntH450s2O9MxXD3o3kc
Coronavirus may trigger the second-largest property tax cut in Colorado history, further crippling local budgets
The reductions under Colorado’s Gallagher Amendment would slash total school district revenue by an estimated $491 million. Fire districts would also be hard hit. At a moment when state and local governments are already drowning ....