DENVER (AP) – Democrats who control Colorado’s statehouse are asking voters to dismantle part of a state tax regime which 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.READ MORE: Park Hill Residents File Lawsuit Against Safe Outdoor Space For Homeless In Church Parking Lot
Democratic lawmakers placed the measure, Prop CC, 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.READ MORE: Busy Friday Night In Downtown Denver Could Signal Trend Toward Post-Pandemic Life
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.MORE NEWS: Colorado's Comeback: Moviegoers Return To Regal Theatres Amid COVID Safety Protocols
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