According to the latest economic forecast, it appears that Colorado will take in $200 million more in taxes this year than it’s allowed to keep under the Taxpayer’s Bill of Rights (TABOR). Although $200 million is a lot of money that could be allocated to under-funded programs such as transportation, the consensus seems to be that this will not happen.
Gov. Hickenlooper is already arguing that citizens should get the refund, which amounts to roughly $42.50 per adult. Observers say that the Republicans, who control the State Senate, agree that the money should be returned to taxpayers while the Democrats, who control the House, would prefer to allocate the money to transportation or even more likely, education. The odds of getting a measure to the public to allow the government to keep the revenue are purportedly minute. But it seems silly to go to the time and trouble to refund this money since it’s not enough to have a significant positive impact on anyone. Apparently the politicians just aren’t willing to take on another fight.