The Denver Post is running a series about TABOR. Here's Part I [September 12, 2005, "The truth about TABOR"]. From the article, "The ratchet occurs when revenues drop below the previous year's spending. TABOR then restricts spending growth to that lower amount. Even if the economy rebounds quickly, spending can only grow from that new, lower base line at the rate of inflation plus state population growth."
Here's an article detailing arguments around Referendums C and D from the Denver Post [September 12, 2005, "Budget woes are in eye of beholder"].
The Denver Post lists some of the history behind TABOR and it's author, Douglas Bruce in part II of their series [September 12, 2005, "Bruce is still on a mission"]. From the article, "In the late 1980s and early 1990s, Bruce led a six-year campaign to add the Taxpayer's Bill of Rights to the state constitution. In 1992, Bruce's persistence paid off when a majority of the state's voters agreed to lock the tough spending limits of the bill known as TABOR into the constitution. In November, voters will be asked to "de-Bruce" some of those ties that bind state government."
The Denver Post looks at how Referendum C playing out across the country [September 12, 2005, "Rest of nation keeps close eye on fate of TABOR"]. From the article, "TABOR supporters have held the constitutional amendment up as a model to be emulated. Opponents have pointed to Colorado's problems as harbingers of things to come if TABOR passes in other states. In fact, most other states considering tax limitations have removed or softened the TABOR provision that has put Colorado in a bind. The 'ratchet effect' prevents Colorado state revenues from rebounding from recession as quickly as the economy recovers."
Category: Denver November 2005 Election
6:37:36 AM 
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