Tax PolicyMay 13, 2026
Colorado Joins the Tax Increase Line — Democrats are trying again to undermine the Taxpayer Bill of Rights.
Colorado voters in recent years have twice rejected attempts by their Democratic Legislature to erode the state constitutional limits on taxes and spending. But Democratic lawmakers haven't given up on ignoring the voters.
Democratic lawmakers on Tuesday gave final approval to place on November's ballot a measure that would gut the state's spending limit. Colorado's 1992 Taxpayer Bill of Rights (aka TABOR) limits annual spending growth to the rate of population growth plus inflation. If tax revenue exceeds this cap, as often happens when the economy is strong, the surplus is returned to taxpayers. Refunds have averaged about $700 to $800 per household in recent years.
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