If you see “Article X, Section 20” on your ballot, it means TABOR and deals with you giving up your Colorado state-constitution- mandated refund.
Oct
23
Category Archives: TABOR Refunds
Oct
23
Detailing Pueblo West’s Initiative 5A
KOAA.com | Continuous News | Colorado Springs and Pueblo
Pueblo West will be voting on an initiative that would help fund a new community pool, but it would be using excess money that is supposed to be returned to the taxpayer.
Pueblo West tried voting on de-brucing, but that didn’t work, so the ballot is calling for a TABOR timeout for the next ten years to pay for an aquatic center. Basically that means a ‘yes’ vote allows Pueblo West to obtain all tax revenue, a ‘no’ vote would keep Colorado TABOR laws in place which puts a cap on tax revenue a municipality can obtain, and that municipality has to refund the money to the taxpayers.
Pueblo West’s initiative 5A would bring partial funding for a new pool. Grant Shay says because of the current pool being overcrowded, his kids were turned away. Continue reading
Oct
16
Town may need to refund $400K
The Estes Park Town Board was notified by Town Attorney Greg White on Tuesday night in an executive session that the town might be in violation of parts of the TABOR amendment.
The Taxpayers Bill of Rights, or TABOR, was an amendment to the state constitution passed statewide by voters in 1992. Its intent was to limit annual growth in state and local tax revenues and have all tax increases voted on by residents.
However, one of the little known provisions of TABOR is the requirement that taxing entities must provide information in advance of the vote about how much tax is estimated to be generated in the first year.
What Is TABOR? Here’s Why It Works For You
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Jul
20
Colorado Priorities shelves ballot initiative to curb Taxpayer’s Bill of Rights
PUBLISHED: | UPDATED:
Organizers have shelved a ballot initiative to loosen the grip of Colorado Taxpayer’s Bill or Rights on the state’s ability to fundschools, transportation, mental health and senior services.
The executive committee of the Colorado Priorities campaign suspended the effort Monday night. The measure would have needed the signatures of at last 98,492 registered voters by Aug. 8 to get on the November ballot.
TABOR sets a revenue cap based on population and inflation. Everything over that must be refunded to taxpayers under the constitutional amendment passed by voters in 1992. Initiative 117would have allowed the state to keep that revenue.
Jul
20
Ballot campaign to suspend Colorado’s TABOR revenue caps ends
ED SEALOVER | DENVER BUSINESS JOURNAL
Dan Ritchie, one of the leaders of the Building a Better Colorado initiative
DENVER BUSINESS JOURNAL – Concerned about ballot fatigue and suffering from a lack of fundraising, organizers of the Colorado Priorities campaign to pass a statewide de-Brucing ballot initiative blunting the impact of the state’s Taxpayer Bill of Rights ended their efforts for the 2016 election on Tuesday.
The proposal would have allowed the state government to keep any revenue it collected above the Taxpayer’s Bill of Rights limit over the next 10 years and put it to prescribed uses — at least 35 percent toward education, at least 35 percent toward transportation and anything else toward mental-health and senior services.
Doing so would have eliminated the possibility of TABOR refunds that otherwise would go to statewide taxpayers when revenues exceed the caps.
However, organizers said they became increasingly worried about getting their message out during an election that could feature as many as 10 other ballot initiatives, as well as presidential and U.S. Senate races in this state.
Read more at the Denver Business Journal: http://bit.ly/29WUagr
Jul
20
TABOR timeout ballot measure won’t go to voters this year
A group trying to convince voters to hit the pause button on the state’s Taxpayer Bill of Rights, which limits government spending, has officially called it quits.
The effort would have been what Coloradans call a “de-Brucing,” named as such because the architect of TABOR is an anti-tax folk hero named Douglas Bruce. (Fun fact: He’s sitting in prison right now on charges that stem from a previous bust for tax evasion.)
Backed by a group called Colorado Priorities, the ballot measure would have asked voters in November if they wanted to grant the state government permission, for 10 years, to retain tax money that flowed over TABOR-mandated revenue caps. TABOR currently requires any revenue generated over projected limits to go back to individual taxpayers in the form of refunds.
If voters approved the measure, that money would instead have gone specifically toward transportation, education, mental health and senior services.
Colorado Priorities would have had to gather nearly 100,000 valid signatures in Colorado to get their proposal on the ballot. Petitioners were asking voters for their John Hancocks as recently as last week. The ballot measure grew out of an initiative called Building a Better Colorado, a bipartisan group of state leaders who held meetings around Colorado to determine what measures to try and put to voters this year. Continue reading
Jul
20
Ballot campaign to suspend Colorado’s TABOR revenue caps ends
Concerned about ballot fatigue and suffering from a lack of fundraising, organizers of the Colorado Priorities campaign to pass a statewide de-Brucing ballot initiative blunting the impact of the state’s Taxpayer Bill of Rights ended their efforts for the 2016 election on Tuesday.
The proposal would have allowed the state government to keep any revenue it collected above the Taxpayer’s Bill of Rights limit over the next 10 years and put it to prescribed uses — at least 35 percent toward education, at least 35 percent toward transportation and anything else toward mental-health and senior services.
Doing so would have eliminated the possibility of TABOR refunds that otherwise would go to statewide taxpayers when revenues exceed the caps. Continue reading
Jul
20
Backers Pull Ballot Measure That Would Have Put TABOR On Pause
Backers Pull Ballot Measure That Would Have Put TABOR On Pause | CPR
Colorado Priorities, a group backing a ballot measure that would have eased a revenue cap on state government, announced Tuesday that it has suspended its campaign.
The measure would have temporarily suspended refunds to taxpayers, as the Taxpayer Bill of Rights — or TABOR — requires when revenue collection outpaces population growth and inflation. The group says that revenue is needed elsewhere, especially in the state’s school and transportation systems.
Colorado Priorities’ executives cited a crowded ballot in their decision to stop their campaign.
Jul
19
Lesley Smith and Laurie Albright: Sign a petition to de-fang TABOR
Yup, spend more.
That’s the blueprint for fixing everything.
According to them, more money will solve public education.
Obama’s $870 Billion dollar Stimulus failed because it was too little.
They wanted to spend more, more, more.
Then you looked at the results.
No improvement at all.
But we’re deeper in debt and they are none the wiser.
Thank God for TABOR!
The Colorado economy is booming now compared to during the recent recession, but because of a 26-year-old tax policy embedded in the Colorado Constitution (informally called the Taxpayer Bill of Rights, or “TABOR”), Colorado cannot invest all of its tax revenue to make up for cuts made during those harder economic times. Instead, the amendment says that all revenue collected above an out-of-date cap must be refunded to Colorado taxpayers. Each taxpayer received a refund of $13 to $41 this year, while our state continued to cut funds for basic infrastructure and services.