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.
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.
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.
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