July 12th, 2023 | 9 mins 37 secs
alec, lars dalseide, nick stark, tabor, taxes
An upcoming ballot measure in Colorado would allow massive expansion in government spending and weaken the Colorado Taxpayer’s Bill of Rights (TABOR), the nation’s strongest taxpayer protection. At the tail end of Colorado’s legislative session, Governor Jared Polis signed a property tax bill that now requires voter approval. If approved, TABOR would be gutted in exchange for a small short term cut to property taxes. Known as Proposition HH, this proposal tempts voters with the promise of property tax cuts, while its real purpose is to water-down TABOR’s revenue and spending limits.
Ben Murrey, Director of Fiscal Policy at the Independence Institute described the package as a “boondoggle of a property tax plan.” According to The Center Square, it would decrease TABOR refunds by 23%.
TABOR is the gold standard for tax and expenditure limits (TELs). Since its adoption by voters as a state constitutional amendment in 1992, it has helped to restrain the growth of government and returned billions of dollars to Colorado taxpayers.
The attacks on TABOR aren’t new. The property tax “cut” is only the latest gimmicky attempt to unleash the leviathan of big government on hard-working Coloradans.