Oct 14

Even key Dems dis Prop. 123; vote NO

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Even key Dems dis Prop. 123; vote NO

  • By Ben Murrey
  • Oct 12, 2022Updated Oct 12, 2022

Ben Murrey

Thanks to the Taxpayer’s Bill of Rights, commonly known as “TABOR,” Coloradans will receive nearly $4 billion in excess revenue refunded from the state this year. That’s where those $750 checks for individuals and $1,500 for couples came from over the summer. On the ballot this year, Proposition 123 is asking voters to give up their refunds, at least in part.

If adopted by voters, the measure would reduce TABOR refunds by about $86 per person, based on information from the state voter booklet or “Blue Book.”

The measure dedicates up to 0.1% of income tax revenue to affordable housing programs administered by state bureaucracies. For years in which the state has a TABOR surplus, that would reduce TABOR refunds by about $300 million. State economists currently project refunds for at least the next three years.

Even Democrats — who rarely refuse the opportunity to spend more of your money on new government programs — have been skeptical of the measure.

Democratic state Sen. Chris Hansen, of Denver, expressed concern that Proposition 123 could eat directly into the state’s ability to spend on other priorities.

“There’s no free lunch,” Hansen said referencing the measure. “K-12 and higher education (is) where the marginal dollar is in our state budget. So $1 less means $1 less for education.”

The statement proves a bit disingenuous, but the senator is right to say there is no such thing as a free lunch. Continue reading

Oct 08

Proposition 123: What you need to know about the affordable housing measure on Colorado’s ballot

Proposition 123: What you need to know about the affordable housing measure on Colorado’s ballot

11 News spoke with supporters and opponents of CO Proposition 123 Thursday about their goals and worries.

By Lauren Watson

Published: Oct. 6, 2022 at 8:36 PM EDT

COLORADO SPRINGS, Colo. (KKTV) -Supporters of Colorado Proposition 123 met in Colorado Springs Thursday morning to discuss their hopes and goals for the ballot item, which will appear statewide on Election Day.

If passed, Proposition 123 would dedicate 0.1% of the state budget to help fund affordable housing programs.

That comes out to almost $300 million, and that money would be going to programs designed to create rental units with a cap of 30% of a renter’s income, provide down payment assistance for qualifying individuals, and give grants to local governments for affordable housing development, among other things. Click here to visit Colorado’s “Blue Book” guide with an in-depth look at Proposition 123 on page 30.

Supporters said the proposition will allow people in lower-paying crucial careers, like education and nursing, to be able to afford to live in the communities they work in. Continue reading

Sep 19

Menten: A citizen’s guide to weighing in on local TABOR ballot measures

One great, though lesser-known benefit provided in the Colorado Taxpayer’s Bill of Rights (TABOR) is the local ballot issue notice. This guide is sent by mail at least 30-days before the election to all households with one or more registered voters.

The ballot issue notice includes content and details about upcoming local ballot measures that increase taxes, add debt, or suspend TABOR revenue limits. It includes a section where registered voters have the opportunity to submit FOR or AGAINST comments, up to 500 words each.

You should know that there are two types of TABOR ballot issue notices. One notice is for the statewide elections and commonly referred to as the “Blue Book.” The notice discussed here is for elections held by local governments such as a city, town, school district, or special taxing district. You could potentially get more than one of these notices in the mail.

Several years back, it was discovered that out that of some 300 local tax issues throughout the state during a ballot year, only 15 had the taxpayer’s voice printed in a ballot issue notice.  That’s only 5 percent!  You can make a big difference and amplify your voice by being an author of the next ballot issue notice where you live.  Considering that you reach thousands of voters, being able to submit comments in the TABOR notice costs almost nothing and takes relatively little time and energy.

What follows is an explanation of how to participate in the local ballot issue FOR or AGAINST comment process. As in so much of government bureaucracy, instructions must be followed with no room for alteration.  The deadline for this year is Friday, September 23 no later than noon to have your comments included in the local TABOR notice.

To continue reading this story at Complete Colorado, please click (HERE):

Sep 09

Measure to boost affordable-housing programs, reduce TABOR refunds on 2022 ballot

Measure to boost affordable-housing programs, reduce TABOR refunds on 2022 ballot

Nonprofits, real estate groups back initiative to dedicate $300 million annually to state housing programs

BY: CHASE WOODRUFF – SEPTEMBER 7, 2022 5:00 AM

    

A small housing complex in Lyons. (Moe Clark/Colorado Newsline)

Colorado voters will decide this November whether to boost state spending on affordable-housing initiatives by tapping into funds that could otherwise be returned under the Taxpayer’s Bill of Rights.

Initiative 108, which officially qualified for the 2022 ballot last month, would dedicate an additional $300 million annually to the state’s affordable housing efforts. It would protect the additional revenue by exempting the funds from the annual limits set by TABOR, the 1992 constitutional amendment that places restrictions on Colorado’s taxation and spending levels.

“This measure is desperately needed if we want future generations of Coloradans to thrive,” Brian Rossbert, the executive director of the nonprofit Housing Colorado, part of a coalition supporting the measure, said in a statement.

“Too many Coloradans can no longer afford to live in the neighborhoods where they set down roots,” he said. “That’s forcing families to make difficult relocation decisions, robbing communities of essential services and intensifying our homelessness crisis.”

If approved by voters, Initiative 108 would establish a new State Affordable Housing Fund and exempt it from TABOR limits. Each year, 60% of its funding would support a housing program overseen by the state’s Office of Economic Development and International Trade, with the remaining 40% distributed by the Department of Local Affairs.

The measure requires the bulk of the OEDIT funding to be directed towards “equity investments in low- and middle-income multi-family rental developments.” Efforts overseen by DOLA would include grants to assist first-time homebuyers with their down payments and a separate program to provide rental assistance and housing vouchers to people experiencing homelessness.

  • There is nothing ‘affordable’ about taking $300 million of our TABOR tax refunds for a flawed housing measure.  – Advance Colorado’s Michael Fields

A state issue committee in support of Initiative 108, Coloradans for Affordable Housing Now, raised $2.8 million to fund its campaign earlier this year. Its largest donor by far is Denver-based charitable organization Gary Community Ventures, which has contributed $2 million. Other donors include Habitat for Humanity Denver and the National Association of Realtors.

The measure has drawn opposition from Advance Colorado Action, a deep-pocketed, “dark money” nonprofit that has helped fund and coordinate a wide range of conservative causes in recent Colorado elections.

“There is nothing ‘affordable’ about taking $300 million of our TABOR tax refunds for a flawed housing measure,” Advance Colorado’s Michael Fields said in a statement last month. “To fix our state’s housing crisis, we need to build more, not tax more.”

Backers say the measure could help fund the construction of 170,000 new homes in the coming years, offsetting what is projected to be a worsening housing crunch in fast-growing Colorado.

In May, a fiscal impact statement by the nonpartisan Legislative Council Staff noted that the measure’s TABOR impact would vary from year to year depending on revenue levels and how lawmakers choose to distribute refunds.

“If refunds are paid via current law mechanisms, the measure is expected to reduce refunds by approximately $40 per taxpayer, on average, for tax year 2023 and $80 per taxpayer, on average, for tax year 2024,” analysts wrote.

“The measure will increase investments in affordable housing developments, boosting incomes for developers and construction firms,” nonpartisan staff wrote in a separate fiscal summary. “Some households that would otherwise face housing insecurity may find stable housing under the measure, increasing their financial security and opportunities for employment.”

Other measures up for a vote on Colorado’s 2022 ballot include three proposals to change the state’s liquor laws.

https://coloradonewsline.com/2022/09/07/affordable-housing-reduce-tabor-refunds-2022-ballot/

 

 

Jul 22

Affordable housing program will cut into your TABOR refunds

Affordable housing program will cut into your TABOR refunds

By Natalie Menten

Guest Commentary

The state government has taken more taxes from you than we allow it to have, and it should rebate that over-collection back to you. That money coming back to all taxpayers is now in jeopardy. We should be alarmed at the potential waste.

Colorado voters’ dissatisfaction with government growing beyond its means led to the passage of the Taxpayer’s Bill of Rights (TABOR). This constitutional amendment requires voter approval for tax increases and debt. It also limits how fast government can grow. The formula for automatic tax increases is the prior year’s budget plus adjustment for inflation and population growth.

When government collects taxes above the limit, it must refund the surplus. Later this year, each taxpayer will get a $750 TABOR rebate from the state. The economic outlook predicts rebates for the next several years.

Two statewide ballot measures in November claim they don’t raise taxes, but that’s just not true. Funding for new programs comes from our future TABOR rebates. If we don’t get all those rebates back, that’s effectively a higher tax rate and clearly a tax hike.

Click the link below to continue reading this article at the Denver Post.

 

Opinion: Statewide affordable housing program will cut into your TABOR refunds

Jul 22

Menten: Jeffco commissioners want voters to hand them a blank check

Jefferson County is one of more than a dozen counties in Colorado that still enjoys the protections of the Taxpayer’s Bill of Rights (TABOR). This constitutional amendment requires voter approval for tax increases and debt.  It also modestly limits how fast government can grow. The formula for automatic tax increases is the prior year’s budget plus adjustment for inflation and local growth.

Jefferson County government is presently allowed to grow 3.9% annually under the formula as described in a Board of County Commissioners agenda for July 19 (page 171).  That’s a reasonable amount for government growth – compare it to your household. Have you gotten nearly a 4% increase in your income?

Yet, the county commissioners have spent the last few years claiming they have insufficient revenue to maintain operations. Now they blame the revenue problem on the pandemic, yet the county received close to a couple hundred million in COVID relief money.

That pile of federal money still didn’t calm down the county commissioners’ quest to get rid of our Taxpayer’s Bill of Rights.

To continue reading the rest of this story, please click (HERE) to go to Complete Colorado

#ItsYourMoneyNotTheirs
#ThankGodForTABOR
#VoteOnTaxesAndFees
#FeesAreTaxes
#TABOR
#FollowTheMoney
#FollowTheLaw

May 06

Democrats’ top legislative priority: re-election

Democrats’ top legislative priority: re-election

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Mark Hillman

God saw fit to stop at 10 commandments, but politicians can’t leave well enough alone, so a series of “Eleventh Commandments” apply to them. One of those admonishes: Thou shall not make the voters more cynical.

This year, Democrats at our State Capitol are breaking that commandment, too.

So, let’s take a little walk down memory lane and remember this journey through Election Day.

Last week, Gov. Jared Polis and legislative Democrats tossed aside 30 years of fierce opposition to Colorado’s Taxpayer Bill of Rights (TABOR) which they’ve blamed for everything from crumbling roads to failing schools. Instead, they held a press conference to tout “their” plan to send every taxpayer a $400 check barely one month before voters receive their general election ballots.

There’s just one problem: that money already belongs to taxpayers.

Continue reading

Apr 18

The Colorado Title Board & TABOR

The April 20th Title Board Hearing has a notable 60 proposals on the agenda because it’s the last chance to get title set for the 2022 ballot. Although the list of potential ballot issues is long, many are variations with a slight tweak.  After title setting, the proponents must do the hard (or expensive) work of getting enough signatures.

Nearly a 1/3 of the proposals pertain to alcohol licensing, sales, and delivery.

Property taxes are another hot topic. Pro-taxpayer advocates are presenting relief in the form of a 2%-3% cap on property taxes.

Bigger government advocates propose a new tax on “Luxury Residential Real Property,” defined as $2 million or more. New revenues would be turned over to government to address affordable housing.  On that same theme, there’s a proposal to increase the income tax rate which would be spent on government-overseen affordable housing.

Another group wants to increase taxes from income tax by reducing deductions, putting increased taxation towards free school lunches for certain public schools – an expenditure of $60 – $140 million dollars a year.

Protecting the Taxpayer’s Bill of Rights begins before a ballot issue hits the street. The public can testify at the title setting meeting to get transparent language about the financial effects. If you’ve been around Colorado long enough you know that proponents of tax increases will actually try to have the question read, “without raising taxes” if they can get away with it. As we know, if you end up with less money in your pocket because of a tax policy change, that’s a tax increase.

Currently, there’s a legal battle just filed with the Supreme Court over initiatives #62-65, called Additional Revenue to State Education Fund.  Proponents are attempting to claim the measures are not a tax increase. Any of the four variations would reduce or completely eliminate our expected rebates from the Taxpayer’s Bill of Rights over the next two years. Since there is no sunset, we would give up a substantial amount of our future refunds if #62-65 moves forward.

You can find the ballot proposals at the Colorado Secretary of State website under Elections & Voting and Initiatives & Title Board. You’re looking for the section titled Awaiting Initial Hearing.

You can testify remotely. The meeting is Wednesday, April 20 starting at 9 am. https://attendee.gotowebinar.com/register/3996912106274902539

Email the Title Setting Board at initiatives@coloradosos.gov. Emails should be sent by Tuesday midday at the latest. Otherwise, listen in remotely and chime in when it’s time. It’s going to be a long meeting.

 

Natalie Menten
TABOR Board Member

Apr 09

Conservatives file lawsuit to invalidate Colorado’s new transportation fees. Here’s what it claims.

Senate Bill 260, passed by Democrats in 2021, enacted new fees on gasoline purchases, deliveries and Uber and Lyft rides to raise billions for transportation projects

Traffic flows along Interstate 70 west of Floyd Hill in Clear Creek County on Wednesday, Feb. 23, 2022. (Andy Colwell, Special to The Colorado Sun)

Colorado’s new transportation fees violate the Taxpayer’s Bill of Rights and several other state finance laws and should be invalidated, two conservative groups and Republican state Sen. Jerry Sonnenberg claim in a long-promised lawsuit filed late Thursday in Denver.

Senate Bill 260, passed by Democrats in the legislature last year, enacted a host of new transportation fees — including on gasoline purchases, deliveries and Uber and Lyft rides — to raise money for road and transit projects across the state.

To continue reading this story from the Colorado Sun, please click (HERE):