Colorado: TABOR author Bruce sues state over emergency fund
DENVER – The author of the 1992 Taxpayer Bill of Rights amendment has filed a lawsuit against Gov. Bill Ritter and lawmakers claiming they improperly placed state property in an emergency reserve fund.
The lawsuit filed in Denver District Court late Friday seeks an order to put cash in the emergency fund and impose penalties on lawmakers, including forfeiting 25 percent of their pay, if they vote for budgets that don’t fix the problem.
The fund provides ready money to help the state recover from disasters like tornadoes and wildfires. Douglas Bruce alleges that the state has been putting property into the fund since 2003.
Ritter spokesman Evan Dreyer Saturday says the fund uses long-established and accepted methods to account for assets and says the suit has no merit.