Rocky Mountain Voice

Tag: Tax policy

Where did your TABOR refund go? Follow the spending
Rocky Mountain Voice, Commentary, State, Top Stories

Where did your TABOR refund go? Follow the spending

By Jarvis Caldwell and Gabe Evans | Guest Commentary, Rocky Mountain Voice TABOR, otherwise known as the Taxpayer's Bill of Rights, was created to protect Coloradans from bloated government spending, prevent politicians from overtaxing working families, and ensure extra revenue is returned to the people who earned it. But under Governor Polis' fiscal mismanagement and runaway spending, Coloradans are paying the price — through dramatically reduced TABOR refunds this year and no refunds at all next year.  TABOR is a provision in the Colorado Constitution passed by voters in 1992 that puts strict limits on how much the government can tax, spend, and grow unless otherwise voted on and approved. It ensures government spending increases only by inflation and population growth and...
Frozen in place: How a 1997 tax law may be trapping Colorado’s senior homeowners
Rocky Mountain Voice, State, Top Stories

Frozen in place: How a 1997 tax law may be trapping Colorado’s senior homeowners

By Shaina Cole | Contributing Writer, Rocky Mountain Voice A Centennial resident wrote to RMV earlier this year with a frustration he suspects many of his neighbors share — one shaped by decades spent in the same home. He has watched its value climb far beyond anything he imagined when he bought it. And now, as he weighs whether to downsize, he finds himself facing a tax bill on that appreciation — one shaped by a federal law whose core thresholds haven’t been updated in nearly 30 years. "This realized gain could be used for moving into a more manageable home, pay for necessary home care if needed, help pay for insurance, medical, dental, medicine expenses and keep their quality of life," he wrote. His concern is not an isolated one. It reflects a structural problem — one incr...
HB26-1240: Colorado Democrats Expand Tax Giveaways—and Eat Your TABOR Refund
Colorado Accountability Project, Approved, Commentary, State

HB26-1240: Colorado Democrats Expand Tax Giveaways—and Eat Your TABOR Refund

Cory Gaines | Commentary, Colorado Accountability Project HB26-1240 (linked first below) is a great example of tax policy which mimics a dynamic I have seen with other policy such as gun control. Rather than taking all in one big shot, something that would get all kinds of undue attention, you take in a piecewise manner. E.g. in year 1 you get red flag laws passed, but they’re limited so as to not cause too much heartburn. When that settles down, you can then spend subsequent years making additions to that first law. In the case of HB26-1240, you start by offering expanded tax credits to people and then you expand the credits further. In order to fully appreciate what I mean, we have to do some background first. Colorado’s Earned Income Tax Credit (EITC) is another ...
Senate Bill 135 Raises New Questions About TABOR Limits And Taxpayer Protections
Complete Colorado, Approved, Commentary, State

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 wit...
Colorado’s School Funding TABOR Measure Hides a Long-Term Legislative Slush Fund
Colorado Accountability Project, Approved, Commentary, State

Colorado’s School Funding TABOR Measure Hides a Long-Term Legislative Slush Fund

Cory Gaines | Commentary, Colorado Accountability Project The CPR article below details how SB26-135 (linked second below), the bill that, among other things, will put a question on the ballot allowing people to decide whether or not to let the state keep tax revenues above the TABOR cap, passed out of its first committee last week. I want to tee up an important thing to note about this bill by using a quote from one of the bill's sponsors Senator Kipp. “The Colorado Constitution requires voter approval to make any adjustments to TABOR, which is why lawmakers have to go to the ballot to advance the plan, according to Democratic Sen. Cathy Kipp, another main sponsor. ‘This bill does exactly what TABOR tells us to do,’ Kipp said. ‘We are going to the people of Colorado and saying, “...
Framed as education, but tied to TABOR: Measure to keep surplus revenue advances
Rocky Mountain Voice, State, Top Stories

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 ...
Open letter warns HB26-1065 expands unelected power and state control
Colorado Accountability Project, Approved, Commentary, State

Open letter warns HB26-1065 expands unelected power and state control

By Cory Gaines | Commentary, Colorado Accountability Project An open email to the sponsors of HB26-1065 and the House Finance Committee Members In keeping with earlier posts, I have been watching affordable housing legislation this session. One of the bills that came up in an earlier post is HB26-1065. I link to that bill first below. Mild in the impact, especially compared with efforts that take away local control and further reinforce the NGO/nonprofit/government complex, this bill is still concerning in what it sets up. My open letter to the committee is copied below the link. If it’s helpful to you in advocating on this issue, please feel free to use any part or the whole. Before I get to my email (and testimony if I can make the hearing) howe...
Colorado Homeowners Face Property Tax Shock After Temporary Relief Expires
Colorado Politics, Approved, State

Colorado Homeowners Face Property Tax Shock After Temporary Relief Expires

By Marianne Goodland | Colorado Politics Mike Fitz, 76, who lives in Centennial in a single-family home he has owned since 2001, paid $3,876.98 in property taxes to Arapahoe County two years ago. Fitz just learned after checking the website of the Arapahoe County Assessor’s Office that his 2026 tax bill has shot up to $5,435.47, and that already factors in a discount of $750 for the senior homestead exemption. That translates to an increase of nearly 30% or more than $1,500 over two years for the Colorado resident on a fixed income from a combination of Social Security payments and a pension from Gates Rubber. Indeed, the new year is bringing sticker shock to many Colorado homeowners like Fitz — property taxes are rising and some will see increases ranging from ...
Colorado Lawmakers Lean on Fees to Sidestep TABOR Tax Limits
Colorado Politics, Approved, State

Colorado Lawmakers Lean on Fees to Sidestep TABOR Tax Limits

By: Marissa Ventrelli | Colorado Politics More than 30 years after Colorado voters approved the Taxpayer’s Bill of Rights, a growing share of state spending now falls outside the voter-approved limits intended to restrain government growth. A new report shows that fee-funded “enterprises” — state-owned businesses exempt from TABOR’s revenue cap — have expanded dramatically, raising worries that lawmakers are increasingly relying on fees, rather than taxes, to fund government programs. At its core, TABOR limits the government’s ability to raise revenue. Political subdivisions must obtain voter approval for any tax increase, and it requires dollars above the TABOR limit to be refunded to residents. Numerous efforts have been made to repeal TABOR since its enactment. As r...
How the Income Tax Betrayed the Founding and Broke the Constitution’s Promise of Liberty
Rocky Mountain Voice, Commentary, National, Top Stories

How the Income Tax Betrayed the Founding and Broke the Constitution’s Promise of Liberty

By C. J. Garbo | Guest Commentary, Rocky Mountain Voice The American Founding was a deliberate rejection of concentrated power. The Founders built the United States around one core principle: government must be strong enough to secure liberty, but restrained enough to never become a master. An income tax, as it exists today, directly violates that design. It creates a federal government with a permanent claim on the labor of the citizen.  It funds unlimited expansion. It invites political favoritism. It weaponizes enforcement. It breaks the relationship between the people and the state that the Constitution was written to protect. Start with the historical fact that taxation was the spark of revolution.  The colonies did not revolt because they dislike...