Colorado votes on tax regime long embraced by conservatives
Posted Oct 19, 2019 10:20:04 AM.
DENVER — Democrats who control Colorado’s statehouse are asking voters to dismantle part of a state tax regime that for decades has served as a model for fiscal conservatives nationwide.
Coloradans will decide Nov. 5 if the state can permanently keep tax revenue that otherwise would be refunded under limits set by a 1992 constitutional amendment called the Taxpayer’s Bill of Rights.
Democratic lawmakers placed the measure on the ballot. They’re convinced it’s time to chip away at a formula that they say has led to drastic underinvestment in Colorado’s schools and roads.
Opponents say it’s just a first step to weaken or eliminate a safeguard that’s allowed the private sector to fuel Colorado’s robust economy and has kept state government growth in check.
James Anderson, The Associated Press