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In brief, TABOR is a method to restrict the expansion of presidency. Underneath the modification, income in extra of the TABOR restrict have to be returned to taxpayers, although it seems the legislature has some discretion in the way it distributes these funds.
However Colorado’s legislature, chafing at TABOR’s limits, has been attempting to undercut the modification. It not too long ago succeeded and, in doing so, redistributed revenues from the most efficient folks to the least productive.
That is from David R. Henderson, “Tabling TABOR,” TaxBytes, Institute for Coverage Innovation, January 17, 2024.
Learn the entire thing, which is the shortest TaxBytes I’ve written.
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