Gov. John Hickenlooper ended his remarks to the Economic Club of Colorado on Tuesday with a warning for the state’s business leaders.
A major focus of his second term is preparing for Colorado’s impending growth — with 3 million more residents expected in the next 20 years, he said. The Democrat said Colorado is growing “almost too rapidly” and the growth costs money.
“We’re probably going to have to spend a bunch of money that will take the business community stepping up,” he said, saying industry leaders will need to recognize the need to spend money on roads and infrastructure.
To read the rest of this article, click the following link:
http://blogs.denverpost.com/thespot/2015/02/10/hickenlooper-says-state-needs-spend-big-prepare-growth/117137/
Gov. Hickenlooper should look at the facts. Colorado has already seen tremendous growth, yet from 1950 to 2013, Colorado’s state and local tax burden has grown by only 1 percent and stands at 9.2 percent. In contrast, nationally the state and local tax burden has grown by a whopping 43 percent and stands at 10.3 percent.
I didn’t realize that Colorado is now considered a third-world country thanks to its lower and slower growing tax burden . . . oh, wait, that’s not what happened. The reality is that Colorado’s economic growth is the envy of the country and low taxes are an integral part of that successful equation.