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: Visitors Reminded To Give Wildlife Plenty Of Room During Rut
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: CBS4's Rick Sallinger Details Journey In Finding Pfizer COVID Booster Shots
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: Denver Police Search For Suspect Driver In Deadly Hit & Run That Killed Man In Wheelchair
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