RTD/SCFD Case filing 11.21
Dear Friends of TABOR:
Attached is the final draft of the brief we filed today, along with the exhibits we attached to the brief in RTD/SCFD Case filing 11.21
Reply in Support of MSJ.final.final
Kerr vs. Hickenlooper motion asking the Supreme Court to take up the appeal
Avon – Patriots Petition for a Vote of the Citizens
What can you do when…
Local Government STOPS listing to the Citizens they allegedly represent?
When Local Government tries to take on Millions more in long term Debt – spanning (2) decades to pay it all back?
(Photo – L-R, Avon Clerk Debbie Hoppe, Avon Police Chief – Robert Ticer, Dave Strandjord (Veteran, USMC)
When Local Government plans to “pay off decades of Debt” by using the 2% (RETT – Real Estate Transfer Tax) – levied against all real Property in Avon?
The answer is…Avon Patriot Citizens “Petition their Local Government” – (and with a sufficient number of Avon Voters, signatures…you can legally force a “special election” either/or their Town Council can Repeal their Ordinance that authorized Millions more in Debt. Dave Strandjord shown here returning 233 Avon Signatures – to be verified by Avon Clerk Debbie Hoppe.
This week (17-21NOV2014) Avon Voters should know the results of this Petition Drive.
Stand by. More News from the ECT shortly.
http://eaglecountytimes.com/2014/11/17/avon-patriots-petition-for-a-vote-of-the-citizens/
Citizens Referendum – Stops Avon! (for now)
News from Eagle County, Colorado
Answer: Avon’s new Council (to be sworn in tonite) – has only (2) legal options they can exercise – now that Avon’s Clerk and Record (Debbie Hoffe) has issued her legal “Certificate of Sufficiency” (based on the Citizens signature Petition) stopping the Avon Council’s plan.
Option 1: Repeal (read kill) the Avon Ordinance that was used to authorized the new DEBT.
Option 2: Hold a “special election” and let registered Avon voters make the final decision.
The Nuclear Option? Yes, there is one other legal possibility that (Avon Finance Manger – Scott Wright – does not support)…the “possibility” that Avon Council could vote to take $3.5 Million (out of Avon’s General Fund) and buy the “Building for Avon Bureaucrats” (also known as the Skier Building) for cash. The ECT folks agree with Mr. Wright that would be a very bad decision.
Who We Are
Will Colorado Taxpayers Actually Receive a Marijuana Refund?
In case you haven’t heard already, Colorado has been making a killing off of legal marijuana. The substance — which we’ve come to know by many names like reefer, pot, bud, herb, and gonja just to name a few — has brought in millions for the Rocky Mountain state. Colorado’s marijuana tax revenue data was just released for the month of September.
Looking at this tax data, it appears as though the trend-setting state didn’t sell as much retail marijuana as it did during the month prior. But, in spite of the sales slowdown, the state is still earning enough cash from marijuana to have its citizens profit. Under the Taxpayer Bill of Rights (TABOR), Colorado citizens may even receive a ‘refund’ because marijuana revenues were higher than anticipated.
September’s taxes and revenue
During September, Colorado brought in $2.94 million from sales taxes on recreational marijuana alone. Considering a 10% tax rate, this means sales during the month of September were just under $30 million, which is a cool $3 million less than during the month of August when the state brought in $3.31 million in recreational marijuana sales tax revenue.
On top of this cash, Colorado is still earning huge tax dollars from medical marijuana sales taxes (at 2.9%) which have brought the state over $900,000 during the month of September alone. It also earns money from the additional 2.9% tax it imposes on retail pot, and the 15% excise tax that’s imposed on suppliers, manufacturers, etc.
What is TABOR and is it unique to Colorado?
The TABOR is designed to be a kind of like a system of checks and balances. In Colorado, the TABOR limits the amount of revenue growth to the sum of the state’s population growth plus any increase in the rate of inflation. This means that if the population were to grow by 2% and inflation were to grow by 2%, available state revenue can increase by no more than 4%, unless voters approve an increase.
According to the Colorado Department of Revenue, “Under TABOR, state and local governments cannot raise tax rates without voter approval and cannot spend revenues collected under existing tax rates if revenues grow faster than the rate of inflation and population growth, without voter approval.”
Other states have brought similar TABOR legislation to the table in the past, but Colorado is the only state that actually has such a policy in action.
Colorado Taxpayers In Line To Receive Refund
Two tax refunds possible in Colorado. 9NEWS at 5 p.m. 11/12/14.
NVER—Colorado taxpayers could be in for a pair of refunds from the state, depending on how lawmakers decide to handle two issues caused by the state’s taxpayer bill of rights (TABOR).
That larger of the two refunds would be because of tax revenue forecast to come in $136.6 million more than the limit set by TABOR next fiscal year, which would amount to $41.80 per adult in Colorado, using population figures from the US Census Bureau.
A smaller refund is expected to be triggered in this current year’s budget, tied to legal marijuana sales.
The state may have to refund most of the marijuana taxes it collected in the first full fiscal year of legal sales or recreational pot, an estimated $30.5 million.
That refund would amount to $7.63 per adult in Colorado.
Don’t go making plans to spend your refund just yet.
Lawmakers can always ask voters to let the state keep that money.
While Gov. John Hickenlooper (D-Colorado) has not publicly stated what he thinks the legislature should do about the refunds, there are signs that lawmakers may ask you to at least part with your marijuana refund.
MARIJUANA TAX
A refund on marijuana taxes would not happen because pot sales brought in more money than expected to state government.
In fact, the taxes raised less money than the state predicted.
However, because the state’s official voter guide for Proposition AA in 2013 underestimated the total overall tax collections that would be made by Colorado in 2014-15, TABOR requires the new tax to be refunded, a requirement only imposed in the first full fiscal year of a new tax.
“Because of a quirk in the TABOR amendment, we may have to refund all of the first year’s [marijuana] taxes,” said Sen. Pat Steadman, a Democrat who sits on the joint budget committee. “I’m pretty clear that that’s not what voters had in mind.”
Lawmakers do have the option of asking voters to allow the state to keep the money in excess of what TABOR allows.
While Republicans generally favor refunds in these cases, they may be inclined to make an exception this time because the voters directly approved the new taxes on pot.
“I think that was probably the intent of the voters,” said Sen. Kent Lambert, the Republican chairman of the budget committee. “I think that’s probably the way we’ll end up, probably going to the ballot, but I think that’s going to be a decision of the whole general assembly.”
TABOR LIMIT
The larger of the two refunds exposes the broader philosophical differences between Democrats and Republicans about taxation and the role of government.
This refund would be triggered purely by a healing economy, not an entanglement with a new voter-enacted tax.
Most Republicans are happy to cut you your check, in keeping with the spirit of TABOR.
“This is the taxpayer’s money,” Lambert told 9NEWS. “We have some limitations on the growth of government through the taxpayer’s bill of rights that I think most people in my caucus respect.”
Conversely, most Democrats would rather ask voters to let the state keep the money.
They’d prefer to use this money to pay for improvements to highways and bridges, or beef up school funding to pre-recession levels.
“Before we start making refunds to people we ought to ask should we fix the roof on the barn in the good year instead of just giving it all away,” Steadman said.
Now that Republicans control the state Senate, they are in the stronger position. If they don’t cut a deal, the refunds will happen automatically.
Lambert floated a more ambitious idea: lower tax rates to avoid triggering the refund.
With Democrats still holding a House majority, that’s an idea that’s unlikely to be enacted, though there could be support for tax credits that could reduce the overall size of any refund.
If a refund does move forward, lawmakers do have sway over how the money is distributed to taxpayers. People at different income levels could receive different amounts.
(KUSA-TV © 2014 Multimedia Holdings Corporation)
http://www.9news.com/story/news/local/2014/11/12/two-tax-refunds-possible-in-colorado/18942877/
2014 Annual Meeting
Look to Ref C’s success for Colorado’s fiscal future
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http://www.denverpost.com/editorials/ci_26892088/look-ref-cs-success-colorados-fiscal-future