Don’t starve Coloradans of TABOR refunds to feed gluttonous government

Don’t starve Coloradans of TABOR refunds to feed gluttonous government

DENVER—Colorado taxpayers are set to receive a $154 million tax refund in 2016, leaving opponents of the Taxpayer’s Bill of Rights (TABOR) worried about how they will satisfy the state’s fiscal appetite. This fiscal year’s state budget faces a potential $220 million deficit.

Advancing Colorado Executive Director Jonathan Lockwood released the following statement:

“TABOR is constantly under attack by insatiable, gluttonous proponents of bloated budgets and huge fiscal appetites on the back of hard-working Coloradans. Coloradans are glad we have TABOR, they are looking for leaner, meaner budgets, and they’re telling greedy politicians, ‘Put the fork down!'”

From The Denver Post:

“The TABOR refunds are a result of the state exceeding the inflation-plus-population-growth cap in fiscal year 2015 amid robust economic expansion. The largest tax breaks — averaging about $217 per taxpayer — will go to low-income workers who qualify for the federal earned income tax credit.”

From the Grand Junction Sentinel:

“Natalie Mullis, chief economist for the Legislature, said the state last year collected $153.6 million in revenue above what the Taxpayer’s Bill of Rights allows the state to keep, but will still be about $220 million short of what it needs to fully fund the budget for the current fiscal year, which began July 1.”

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