From Complete Colorado…
Jefferson County, Colorado’s fourth-most populos county, with more than 580,000 residents is asking voters to override the revenue and spending constraints of the Taxpayer Bill of Rights (TABOR) with a November ballot issue. The County wants to keep and spend excess tax revenues it collects rather than refunding it to taxpayers.
This comes at the same time that the State of Colorado is making the same kind of request, in perpetuity, for all excess revenues it collects with Proposition CC.
Jefferson County Commissioners voted unanimously on July 23 to place the question on the ballot in response to county staff claims that without it the county will suffer a $16 million budget shortfall in 2020.
“TABOR limits the amount of tax revenue that Jeffco can keep,” says a post on the County’s website news section. “While demand for services grows, the tax revenue that would pay for the resulting services is limited.”
The ballot measure would allow the county to keep $16.1 million in 2020 and keep all additional excess revenue between 2020 and 2026.
Starting in 2027 the measure would allow the County to keep, spend or place in reserve “an amount of county revenue that exceeds current spending and revenue limitations but is no greater than the excess local revenues cap…”
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