Voters will be letting the state keep $3.7 billion in TABOR refunds if they pass Referendum C, according to the Rocky Mountain News [June 22, 2005, "Cost of budget-balancing proposal revised"]. From the article, "State economists predicted Tuesday that a budget-balancing measure on the November ballot would cost Colorado taxpayers $3.7 billion of lost TABOR refunds through 2010. That's a half-billion dollars more than earlier projections, but only because Colorado's economy is growing faster than expected. And the numbers, which usually shift with the seasons, likely will change again before the election."
Peter Blake has more on Referendums C & D in his column in today's Rocky [June 22, 2005, "Blake: 'Bundling' political cash"]. He writes, "The Vote Yes on C&D folks, who are promoting the Nov. 1 referendums loosening TABOR's grip on the state budget, reported a cash balance of $290,144 as of June 1."
Here's the coverage from the Denver Post [June 25, 2005, "Budget-fix estimates vary by $700 million"]. From the article, "For the average taxpayer, the disparities would translate to about $84 in forfeited refunds, or the difference between $491 and $407 over five years."
Category: Denver November 2005 Election
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