Democrats look to keep Coloradans' tax refundshttps://www.thecentersquare.com/colorado/democrats-look-to-keep-coloradans-tax-refunds/article_40fb00ba-e400-11eb-93b7-775484619dd7.html(The Center Square) – Colorado Democrats are looking to keep billions in tax revenue rather than refunding the money to taxpayers, The Denver Post reported.
Under Colorado's Taxpayer's Bill of Rights (TABOR), taxpayers see refunds when the state's revenue grows faster than its population growth plus inflation.
A recent economic analysis from the nonpartisan Legislative Council Staff showed that Colorado is expected to exceed its budget cap by $2 billion over the next three years, while the governor’s budget staff published a more optimistic forecast, saying the excess tax funds could reach $3 billion.
“We’re going to see dollars that certainly could be utilized for our budget priorities going back in ways that aren’t as tailored, as focused,” Rep. Julie McCluskie, D-Dillon, told The Post. “When we can make additional investments in those needs and services, it feels like the responsible thing to do.”
Colorado voters in recent years have rejected allowing state government to permanently keep their tax refunds.
Parsing Julie McCluskie's blather, she's saying that taxpayers won't use their refunds the ways Dems
know they should.
