TABOR (Taxpayer’s Bill of Rights) and potential TABOR refunds is the subject of the Tuesday, April 28 meeting of the Chamber’s Business Leaders for Responsible Government (BLRG) committee. This is their second monthly meeting and will be held from 7:30 am – 9:00 am. All members of the South Metro Denver Chamber are welcome to attend. For insight into TABOR and how your personal tax dollars are spent, click here to go to the Colorado Taxpayer Receipt tool.
Speakers will encompass several viewpoints on the controversial amendment, and will include:
Former Colorado Representative Todd Saliman will begin the program by providing a brief explanation of TABOR and its history in Colorado, as well as insight into current TABOR-related issues, including potential refunds. Todd serves the University of Colorado as the vice president of budget and finance and chief financial officer for the CU System. He is a former Colorado legislator and former director of the Governor’s Office of State Planning and Budgeting under Governor Bill Ritter.
Former Colorado House speaker Frank McNulty will provide the second presentation with his perspective on TABOR based on his experience in the Colorado House of Representatives, including the challenges this amendment creates within the legislature.
Last, former Colorado Senator Norma Anderson will provide information regarding pending TABOR litigation at the U.S. Supreme Court in which she is involved, as well as her perspective on the limitations created by the amendment.
This TABOR meeting’s presentations have been coordinated by Michael Sutherland and David Bear, both active members of the BLRG Steering Committee who have been instrumental in procuring the speakers for this event.
Background: TABOR refers to a 1992 Colorado Constitutional amendment that restricts revenues for all levels of government (state, local and schools). Under TABOR, state and local governments cannot raise tax rates without voter approval and cannot spend revenues collected under existing tax rates without voter approval if revenues grow faster than the rate of inflation and population growth. Revenue in excess of the TABOR limit, commonly referred to as the
"TABOR surplus", must be refunded to taxpayers, unless voters approve a revenue change as an offset in a referendum.
An easy and informative advocacy opportunity that directly contributes to our Tabor conversation on April 28 was published this morning in the Denver Business Journal:
"The Colorado Office of State Planning and Budgeting is hoping a new tool will give taxpayers some insight into [how exactly is your own tax payment being used].
The online tool, called the Taxpayer Receipt tool, generates a breakdown of where individuals' tax dollars go based on their age, annual income and how much they drive. It is part of an interactive website called Balancing Act, launched last week in Colorado to give citizens an interactive way to find out where their tax money goes.
Once the numbers are plugged in, the tool shows a breakdown of the way their tax dollars are spread across 30 categories, which include K-12 and higher education, courts, environmental resources, public safety, transportation, even TABOR refund."
After completion, it also links you to another page where you can recommend each budget be raised or lowered, and advocate for increases or decreases in taxes. According to the site, your submissions will be related to the legislature. For those interested in easy business advocacy opportunities, this is a great opportunity to make your voice heard within the Colorado State Legislature. For more information visit http://co.abalancingact.com/taxreceipt