Rocky Mountain Voice

Tag: Taxpayer Protections

TABOR Undermined as Almost Half of Colorado Budget Now Exempt
State, Approved, coloradopolitics.com

TABOR Undermined as Almost Half of Colorado Budget Now Exempt

By Hannah Metzger | Colorado Politics State spending that is exempt from Colorado's Taxpayer's Bill of Rights has increased by nearly 30% over the past 30 years, according to a report by the public policy think tank Common Sense Institute.  While TABOR places a limit on how much revenue the state can retain each fiscal year, certain sources — such as voter-approved changes, federal funds, and state enterprises — are exempt. According to the Bell Policy Center, enterprise funds are state-owned "businesses" that provide goods or services in exchange for revenue. Examples include the state lottery and the Colorado Healthcare Affordability and Sustainability Enterprise (CHASE). According to the Common Sense Institute report, 46% of total state spending — ab...

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