Framed as education, but tied to TABOR: Measure to keep surplus revenue advances
By Shaina Cole | Contributing Writer, Rocky Mountain Voice
Colorado’s fight over spending limits is back at the Capitol, and this time it could end up in front of voters.
The Senate Finance Committee voted 6–3 on March 12 to advance SB26-135, teeing up a 2026 vote on whether the state can keep revenue above the TABOR cap instead of sending it back as refunds.
It comes down to a basic question: should that extra revenue go back to taxpayers, or stay with the state? What follows is less straightforward.
How the bill works
The proposal does not rewrite TABOR itself. Instead, it puts that decision to voters—whether to allow the state to keep and spend money that would otherwise be refunded.
If voters sign off, the state could retain revenue above the cap, up to an amount ...










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