Jul 20

Ballot campaign to suspend Colorado’s TABOR revenue caps ends

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Ed Sealover
ReporterDenver 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.

Dan Ritchie, one of the leaders of the Building a Better Colorado initiative, explains the effort to a crowd at a Nov. 16 meeting in Denver.Dan Ritchie, one of the leaders of the Building a Better Colorado initiative, explains… more

ED SEALOVER | DENVER BUSINESS JOURNAL

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

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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.

 

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Jul 20

Colorado Court of Appeals rejects challenge under Taxpayer’s Bill of Rights

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Colorado Court of Appeals rejects challenge under Taxpayer’s Bill of Rights – Lexology

In a case decided on June 30, 2016, the Colorado Court of Appeals considered whether the Regional Transportation District and the Scientific and Cultural Facilities District violated the Taxpayer’s Bill of Rights (“TABOR”). The Court of Appeals’ decision reflects, courts are reluctant to invalidate legislation on TABOR grounds. The decision also makes it more difficult to challenge TABOR.

TABOR requires advance voter approval before a district may collect any new tax, increase a tax rate, or change a tax policy that causes a net tax revenue gain. Under Colorado law, the Regional Transportation District and the Scientific and Cultural Facilities District (the “Districts”), along with the state, are granted taxing power.

In 2009, the legislature removed the state sales tax exemption for cigarettes, but the exemption remained in place for the Districts. In other words, the state could collect sales tax on cigarettes starting in 2009, but the Districts could not. The legislature also removed exemptions for direct mail advertising materials, candy, soda, and food containers in 2010, but these exemptions remained in place for the Districts.

 

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Jul 19

Lesley Smith and Laurie Albright: Sign a petition to de-fang TABOR

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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!
http://www.dailycamera.com/letters/ci_30138392/lesley-smith-and-laurie-albright-sign-petition-de
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.

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Jul 17

More Evidence that Balanced Budget Rules Don’t Work as Well as Spending Caps

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More Evidence that Balanced Budget Rules Don’t Work as Well as Spending Caps

July 16, 2016 by Dan Mitchell

 

 

table1

If you asked a bunch of Republican politicians for their favorite fiscal policy goals, a balanced budget amendment almost certainly would be high on their list.

This is very unfortunate. Not because a balanced budget amendment is bad, per se, but mostly because it is irrelevant. There’s very little evidence that it produces good policy.

Before branding me as an apologist for big government or some sort of fiscal heretic, consider the fact that balanced budget requirements haven’t prevented states like California, Illinois, Connecticut, and New York from adopting bad policy.

Or look at France, Italy, Greece, and other EU nations that are fiscal basket cases even though there are “Maastricht rules” that basically are akin to balanced budget requirements (though the target is a deficit of 3 percent of economic output rather than zero percent of GDP).

Indeed, it’s possible that balanced budget rules contribute to bad policy since politicians can argue that they are obligated to raise taxes. Continue reading →

Jul 16

Update on Lakewood’s de-TABOR

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Update on Lakewood’s de-TABOR
As noted earlier the establishment plan is to put a de-TABOR measure on this November’s ballot.
On Monday, July 18 (starting at 7 pm) there will be a “study session” regarding TABOR (and Council policies & procedures – not sure what they are up to on that). Citizen comments WILL be permitted. Don’t know the specifics of how that will work but I suggest we use this opportunity to demonstrate to Council it is a good idea to have citizens more involved in all study sessions (see my message on study session reform).
I suggest we have a good turnout. The anti-TABOR side has been alerted and will be there in full force.

AGENDA
LAKEWOOD CITY COUNCIL STUDY SESSION
CITY OF LAKEWOOD, COLORADO
LAKEWOOD CIVIC CENTER, 480 SOUTH ALLISON PARKWAY
JULY 18, 2016
7:00 PM
COUNCIL CHAMBERS

ITEM 1 – CALL TO ORDER
ITEM 2 – ROLL CALL
ITEM 3 – DISCUSSION – TABOR
A Public Comment Roster is available immediately inside the Council Chambers.
Anyone who would like to address the Council on TABOR will be given the opportunity
after signing the roster. Speakers should limit their comments to three minutes.

http://www.lakewood.org/City_Council/City_Council_Meeting_Information/Upcoming_Regular_Council_Meetings___Study_Sessions.aspx

Jul 14

Madison County, Ill., to voters: Want to reduce your property taxes? | Illinois Policy | Illinois’ comeback story starts here

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Madison County, Ill., to voters: Want to reduce your property taxes? | Illinois Policy | Illinois’ comeback story starts here

Madison Il want to reduce your taxes

Adopting a taxpayer bill of rights, or TABOR, such as the one found in Colorado’s Constitution, would be another protection for Illinois taxpayers. A TABOR creates a formula that determines how much in taxes a government can collect in a year, based on increases in population and inflation. Any unit of government wanting to raise taxes or create a new tax would be required to seek voter approval first via a ballot referendum.

The Madison County referendum is a small, but positive, step toward reducing the property tax burden on Madison County residents and will provide much-needed relief to the taxpayers’ pocketbooks. Politicians and local officials across the state need to take similar steps to reduce the tax burden on their own residents. And to make sure Illinoisans will have a say in their tax burden in the future, Illinois should adopt a TABOR to the state constitution.

http://www.illinoispolicy.org/madison-county-ill-to-voters-want-to-reduce-your-property-taxes/

Jun 24

Spring of inaction: 2016 legislative session proves Illinois needs a taxpayer bill of rights

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Spring of inaction: 2016 legislative session proves Illinois needs a taxpayer bill of rights | Illinois Policy | Illinois’ comeback story starts here

Illinoisans need a taxpayer bill of rights so that politicians must ask permission from voters if they want to raise taxes.

Illinoisans need a taxpayer bill of rights so that politicians must ask permission from voters if they want to raise taxes.

Colorado adopted a Taxpayer Bill of Rights, or TABOR, as an amendment to the Colorado Constitution. The Colorado TABOR requires any government to seek voter approval before imposing a new tax or raising existing tax rates. The TABOR also contains a formula that determines how much in taxes a government can collect in a year, based on increases in population and inflation. If more revenues are collected than the formula allows, then the governing entity is required to reimburse the excess money back to the taxpayers.

A provision in Colorado’s TABOR allows excess revenues to be kept by the government if the taxpayers give voter approval through a ballot initiative. Anytime there is a proposal to raise taxes or keep excess tax revenues, the ballot must provide the following: information on the governing entity’s current and previous four years of spending, the proposed tax increase in percentages and estimated dollar amounts, and summaries of support for and opposition to the proposed tax increase.

 

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