Senate Bill 135 Raises New Questions About TABOR Limits And Taxpayer Protections

By Nash Herman | Commentary, Complete Colorado

Claims that Senate Bill 26-135 could permanently eliminate the refund of overcollected revenue under Colorado’s Taxpayer’s Bill of Rights (TABOR) amendment may at first blush sound hyperbolic, but they are not. Let me explain. 

Beyond handing progressive legislators a blank check to cover up their own overspending, the new TABOR revenue limit creates a perverse incentive to limit both fiscal transparency and voter consent. 

TABOR working just fine 

TABOR’s existing formula limits annual growth of a portion of the state budget to a combination of population growth plus inflation. 

This formula allows government to reasonably grow and accounts for factors not directly within the government’s control. TABOR also allows for additional revenue and spending increases as long as they are authorized by voters. 

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