Colorado voters have much to consider on the November ballot.
Proposition 117, while not as glamorous a topic as wolf reintroduction, criminalizing vaping sales, or abortion restrictions, provides an opportunity for voters to restrict the ability of State Legislators to tax and spend.
117 would require the State to seek voter approval “of any newly created or qualified state enterprise that is exempt from the Taxpayer’s Bill of Rights, Article X, Section 20 of the Colorado constitution, if the projected or actual combined revenue from fees and surcharges of the enterprise, and all other enterprises created within the last five years that serve primarily the same purpose, is greater than $100 million within the first five fiscal years of the creation or qualification of the new enterprise.”
In short, 117 is a response by citizens to the State Legislature skirting TABOR by imposing fees rather than taxes.
TABOR Committee Chairman Penn Pfiffner joined me to discuss 117, what it means to taxpayers, and why the TABOR Committee endorses 117.
Penn, a former Colorado legislator, chairs the TABOR Committee. He was an Independence Institute Senior Fellow, President of the Colorado Union of Taxpayers and led campaigns to defeat tax measures. A former Navy officer, he also taught college Economics.
TABOR, or the Taxpayer’s Bill of Rights, is the gold-standard for restricting the State Legislature from stealing our money.
Libertarians across Colorado must stand in defense of TABOR, and our ability to hold our State government accountable.
Related: A Libertarian Guide to Colorado’s 2020 Ballot Initiatives
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