Denver’s 7A: What you need to know about RTD’s request to keep all its sales tax revenue

By Michael Booth | The Colorado Sun

Metro Denver-area voters will decide Nov. 5 whether the Regional Transportation District can continue to keep all of its sales tax revenue in coming years, even when a strong economy pushes revenue up above caps set in the Taxpayer’s Bill of Rights. 

The so-called “de-Brucing,” named after TABOR author Douglas Bruce, is a common request from local taxing agencies. 

In RTD’s case, a “yes” vote on 7A would not raise the current dedicated RTD sales tax, but would allow RTD to keep projected revenue about $50 million to $60 million a year above the TABOR cap instead of refunding that amount to millions of taxpayers. 

READ THE FULL STORY AT THE COLORADO SUN