At the same time, it protects the revenues needed by schools and local governments by tapping into TABOR refunds.
If the legislature doesn’t act, the TABOR surplus will be returned through checks tied to taxpayers’ income levels, with higher earners getting bigger refunds. Democrats say that system is inequitable.
There are just a few days left of Colorado’s legislative session as lawmakers push through a flurry of bills before the session adjourns on May 11. One of the more relevant proposals to impact employers and workers statewide — and touches on why this weekly column even exists — is Senate Bill 234, which passed […]
If not now, when? If not us, who? Those are the questions that compelled us to action. As public-school graduates, parents and advocates, the two of us agreed earlier this year to be the proponents for a proposed citizens ballot initiative that would set aside certain revenues already collected by the state to be used […]
Colorado taxpayers will get a break on their income taxes and a refund payment because the state’s cap on government growth and spending under the Taxpayer’s Bill of Rights was exceeded last fiscal year. The income tax rate will drop to 4.5% in 2021, down from 4.55%, and individual taxpayers will get an additional sales […]