Jan 08

IN RESPONSE | Pols trample on TABOR; let’s demand our petition rights

Douglas Bruce

Re: “Colorado must draw a line between ‘tax’ and ‘fee,’ ” Jan. 6.

As TABOR’s author, I fought many traps our foes set for us. We went down their rabbit trail of theoretical debates … twice.

The 1988 TABOR covered “fees” that yearly increase above inflation. Foes used examples like library card fees increasing 10%, which may be a quarter. “We can’t vote all the time” on trivial sums.

The 1990 fight allowed increases rounded up to the next dollar. Same result. We can’t set a limit — say, $50 million — on a fee increase; they will simply increase 50 fees $40 million each. They will also increase licenses, permits, etc.

In 1992, we switched “fee v. tax ” details for revenue spending limits. The Establishment took OUR bait. The issue was our right to vote at all, and we won. Set the agenda and frame the issue, and you win the debate.

Our foes then violated TABOR for 28 years, by saying road and bridge “fees” are for “enterprises,” though they clearly violate the definition. Ditto hospital provider fees, the Dirty Dozen in 2009, and dozens more.

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

Jan 07

Lawmakers Agree Colorado’s Roads Need More TLC. They Definitely Don’t Agree On How To Pay For It

By Nathaniel Minor January 6, 2020

Hart Van Denburg/CPR NewsInterstate 70 Traffic in Mt. Vernon Canyon Friday Aug. 9, 2019

Lawmakers appear to have bipartisan agreement at the state Capitol that Colorado’s transportation system needs a serious infusion of money.

But with the 2020 session poised to kick off later this week, both sides are still far apart about where that should come from: new revenue, or reprioritizing the existing budget.

“I can absolutely tell you, 100 percent, we will not be able to meet our transportation needs without new funding sources,” House Speaker K.C. Becker said Monday at a legislative preview breakfast sponsored by Commuting Solutions, a Louisville, Colorado-based group that advocates for multi-modal transportation.

The group supported the last few attempts to raise new revenue — including 2018’s sales tax-raising Proposition 110 and 2019’s Proposition CC, which would have redirected taxpayer refunds to roads and schools. Voters rejected both of them.

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

Jan 06

FEEDBACK | Colorado must draw a line between ‘tax’ and ‘fee’

Ever since TABOR (the Taxpayer’s Bill of Rights) was enacted in 1992, our courts and legislature have been ignoring the large animal in the room. Namely, the difference between a “tax” and a “fee.” Some things seem logical. Such as a “drivers’ license fee” versus a “property tax.” This seems logical until someone wants to call the property tax a “homeowner’s fee.” Should that occur, the cost of owning a home could skyrocket completely against the intent of the TABOR law.

To read the rest of this story, please click (HERE):

Jan 03

Best And Worst Policy Developments Of 2019

Best And Worst Policy Developments Of 2019

Daniel J. Mitchell
|
Posted: Jan 02, 2020 8:50 AM
Best And Worst Policy Developments Of 2019

Source: AP Photo/Evan Vucci

’m trying to be a glass-half-full kind of guy, so we’ll start with the best policy developments for 2019.
Boris Johnson’s landslide victory – I was in London for the recent U.K. election and was pleasantly surprised when Boris Johnson won a surprising landslide. That’s not a policy development, of course, but it’s first on my list because it presumably will lead to a genuine Brexit. And when the United Kingdom escapes the sinking ship of the dirigiste European Union, I have some hopes for pro-market policies.

TABOR wins in Colorado – Without question, the best fiscal system for a jurisdiction is a spending cap that fulfills my Golden Rule. Colorado’s constitution has such a policy, known as TABOR (the Taxpayer Bill of Rights). Pro-spending lobbies put an initiative on the ballot to eviscerate the provision, but voters wisely rejected the measure this past November by a nearly 10-point margin.

To read the rest of this story, please click (HERE):

Jan 02

SLOAN | To tone-deaf tax hikers, ‘no’ translates to try, try again

This year’s defeat of Proposition CC was a bitter experience for the state’s Democrats and liberal groups, but apparently not a didactic one, at least for the latter. Proposals are already in the works for some new iterations of the ubiquitous tax-increase ballot measures which crop up every second election or so, just to see if perseverance will ultimately win out over fiscal literacy.

Most of the proposals are conjured up by groups like the leftist Colorado Fiscal Institute, which houses some presumably very bright people whose economic analysis nevertheless boils down invariably to tugging on the General Assembly’s sleeve and pointing at someone else’s wallet.

Carol Hedges, executive director of CFI, said in an interview in some other publication that “what I took away from Prop. CC was that was not the solution.” Clearly. She goes on to say “that solution didn’t address the concerns of folks who voted in the election, and we have an obligation to solve those problems.”

What problems are those, exactly?

To read the rest of this story, please click (HERE):

Jan 02

Income tax rates decreasing in Colorado in 2020 as TABOR Refunds kick in


DENVER — It’s official. Coloradans will be giving less to Colorado state government in 2020.

Governor Polis made the announcement official in an oped this morning with The Colorado Sun. 

Income tax rates will be decreasing from a flat 4.63% to 4.5%.

The decrease was mandated by the Colorado State Constitution and the Taxpayer Bills of Rights (TABOR) which limits how much government can grow each year.

Passed in 1992, this is the first year TABOR has triggered cuts. As opposed to sending checks to taxpayers, income tax rates will be cut instead.

To read the rest of this story, please click (HERE):

Dec 31

TABOR 2019 State of Colorado Taxation Division Website

TABOR 2019

Decorative Image

History of TABOR

The TABOR Amendment was approved by voters in 1992. This amendment to the Constitution of the State of Colorado limits the amount of revenue the state can retain. The TABOR limit is equal to the lesser of the prior fiscal year’s revenue limit plus the rate of inflation and population growth in Colorado or the current fiscal year’s revenue. Also, the TABOR Amendment requires voter approval for certain tax increases. For more information about TABOR, visit the Legislative Council TABOR web page.

TABOR Refund

Hide2019 TABOR Refund Amount
The 2019 TABOR refund will be different from 2015, when there was a sales tax refund. This year, the TABOR income tax rate reduction will result in either a larger refund, if the taxpayer over withheld in 2019, or a smaller bill, if the taxpayer did not withhold enough/make enough estimated tax payments. The refund amount will be different for each taxpayer, based on their unique income tax situation.