The Power of TABOR: Empowering Colorado Taxpayers
The Rise of TABOR
TABOR, a constitutional fiscal rule enacted by Colorado citizens, has effectively constrained state spending since the 1970s.
The Impact of TABOR
Politicians and interest groups have attempted to weaken TABOR, but citizens have upheld its essential provisions tightly linking state spending growth to inflation rates and population increase.
Surplus revenue above the limit is returned to taxpayers, and any new taxes or debt require citizen approval.
Empowering Citizens
Citizens enforce budget constraints on politicians by deciding how tax dollars are spent, emphasizing fiscal responsibility.
Citizens' preferences for local versus state government spending are reflected in ballot measures, reinforcing the role of fiscal conservatism.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.