Bloomberg Tax
June 4, 2019, 4:02 PM

Colorado Voters to Weigh Permanent Revenue Limit Exemption

Tripp Baltz
Tripp Baltz
Staff Correspondent

Colorado voters will have the final say on whether to permanently exempt the state from a constitutional cap on spending.

Gov. Jared Polis (D) June 3 signed a measure (H.B. 1257) that would ask voters for the authority to keep and spend all Taxpayer Bill of Rights’ (TABOR) excess revenue beginning in the 2019-20 fiscal year. Colorado is the only state in the country with such a limitation. The bill of rights also requires voter approval for tax increases.

  • TABOR, a constitutional amendment approved by voters in 1992, restricts annual state and local revenue growth to the rate ...