TABOR limits the growth of government (at all levels) by adding the rate of inflation and population growth to the baseline of the previous year’s budget. Taxpayers are guaranteed the right to vote on all tax increases – and receive a refund of any extra tax monies collected over the allowed amount. Unless they vote to allow the government to keep the extra money for a specific purpose. Proposition CC would let government always keep any extra tax money – without any further votes of the people.
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