Will Colorado tackle tax reform?
DENVER, Colorado “-Sme legislators opposed to the constitutional limits on Colorado’s taxing and spending think the bad economy might provide an opening to repeal the measure.
The voter-approved Taxpayer’s Bill of Rights limits government tax and spending increases by linking them to inflation and population. Opponents say it prevents government from doing what it needs to do.
In 2005, voters approved a five-year time-out on TABOR, allowing the state to keep the money that exceeds the revenue caps. Some lawmakers would like to see a permanent change.
State Sen. Al White of Hayden says some lawmakers are gauging if there’s support to pursue a change.
Gov. Bill Ritter has encouraged the Legislature to tackle TABOR.