(Denver, CO) — The Colorado State Senate has approved legislation that authorizes a referendum this November to weaken Colorado’s Taxpayer’s Bill of Rights. If signed by the Governor, HB-19 1257 would set up a statewide vote to allow the state to keep and spend all state revenue in excess of the constitutional limitation. Currently, under Colorado’s Taxpayer’s Bill of Rights (TABOR), any surplus must be refunded to taxpayers.
Angel Merlos, Coalitions Director for The LIBRE Initiative – Colorado, released the following statement:
“Colorado’s Taxpayer’s Bill of Rights has been critical to limiting out of control state spending, and helping to protect taxpayers and grow the economy. The protections guaranteed in TABOR prevent government overreach and allow Coloradans to have a voice against excessive government spending. Eliminating Colorado’s TABOR protections would harm Colorado families. It would especially hurt Hispanic families, who work hard to achieve the American Dream, and who have benefited greatly from limits on unnecessary taxation.”