Colorado residents will benefit from the growing state economy with special tax refunds next year, but exactly how much is a question lawmakers will wrestle with over the coming months.
Colorado lawmakers will be presented with a quarterly report on how much tax dollars the state is collecting as they prepare to debate and vote on the annual budget in the coming weeks.
Colorado’s marijuana experiment was designed to raise revenue for the state and its schools, but a state law may put some of the tax money directly into residents’ pockets, causing quite a headache for lawmakers.
Former Gov. Roy Romer gave some uncomfortable and likely unwelcome advice to Gov. John Hickenlooper for his second term = start a movement to repeal TABOR.
Democratic Gov. John Hickenlooper told lawmakers Colorado faces fiscal challenges in the coming years, but he stopped short of directing them to go to voters to allow the state to keep budget surpluses that must be refunded.
Gov. John Hickenlooper’s annual State of the State address Thursday is likely to highlight Colorado’s economic prosperity during the past four years, and focus on looming budgetary challenges because of constitutional spending limits.
While it might be a challenge, if state lawmakers can arrive at a simple and basic idea, they might have a shot at keeping the TABOR funds set to be refunded.
Colorado is waiting for word from the U.S. Supreme Court on a challenge to its taxing limits.
Colorado lawmakers are preparing to debate tax refunds during what’s expected to be a packed legislative session where resolving complicated issues will be more challenging with each major party controlling a chamber of the Statehouse.
Colorado lawmakers may have to refund money to taxpayers sooner than they initially expected.