Colorado voters face an important choice this November with Proposition LL, a ballot measure to allow the state to keep more of your hard-earned tax dollars.
Under current law, any excess tax revenue is returned to taxpayers under the Colorado Taxpayer’s Bill of Rights (TABOR), a constitutional safeguard that ensures the state government does not keep more money than voters authorize.
Enacted in 1992 by voters, TABOR is unique to Colorado. TABOR prevents the state as well as local governments from increasing tax rates without the explicit consent of voters. It also requires voter approval for any revenue collected beyond existing rates when that revenue grows faster than inflation and population. TABOR’s protections are not theoretical — they are binding constitutional safeguards that keep government in check.
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