Taxpayer’s Bill of Rights
Democratic Gov. John Hickenlooper has signed Colorado’s $25 billion budget for next year, which sends more money to schools and refunds to taxpayers because the state is collecting more money than it can keep.
Colorado citizens would have a harder time adding laws to the state constitution with a pair of proposals legislators are considering this week.
A $25 billion Colorado budget with taxpayer refunds and more funding for education is headed to the governor’s desk after state lawmakers gave final approval to the spending plan Friday.
The Democrat-controlled House approved a $25 billion budget Thursday that includes funding increases for education, transportation, and money earmarked for surplus tax refunds – a sign of the state’s continuing economic gains.
Colorado’s $25 billion budget for next year passed the Senate Thursday with nearly every Democrat voting no because ruling Republicans rejected funding for some of their ideas.
Most of Colorado’s $25 billion budget for next year is already set in stone, but lawmakers will get a chance to make minor tweaks before they approve it and send it to the governor later this month.
Colorado budget writers have spent months assembling the state’s spending plan for next year, and this week their fellow lawmakers will begin debating, tinkering, and voting on it
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’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.
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.