September 1, 1998

TABOR limits spell trouble for capital improvements

On Sept. 14, the Colorado General Assembly begins a special session to address the issue of too much money. The session is predicted to last three days.

No matter how many days the legislators meet, the correct answer for Colorado’s future will not be forthcoming.

Instead of reinvesting our growth dividend, countless hours will be spent devising a misbegotten refund.

For the year ending June 30, 1998, the State of Colorado raised $562 million of “excess revenues” according to the 1992 voter-passed TABOR Amendment. TABOR limits annual budget growth and requires that any excess revenues be returned to the taxpayers unless voters choose…

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