Posted on 10/16/2023 2:31:22 PM PDT by george76
In addition to the off-year elections to be decided this November in Virginia, Kentucky, Louisiana, and Mississippi, a number of ballot initiatives will be voted on in other states. Perhaps the most consequential measure appearing on the November 2023 ballot, at least when it comes to fiscal policy, is found in Colorado, where voters will be asked whether they want to weaken the nation’s strongest tax and expenditure limit in exchange for property tax relief.
Proposition HH, which was referred to the November ballot by Colorado lawmakers with the support of Governor Jared Polis (D), would weaken the state’s Taxpayer’s Bill of Rights (TABOR) by permitting the state to keep surplus revenue that would otherwise have to be returned to taxpayers. TABOR, a constitutional amendment approved by voters in 1992, subjects all state tax hikes to voter approval and caps the rise in state spending at the rate of population growth plus inflation. Tax collections exceeding the TABOR limit must be refunded to taxpayers.
TABOR has triggered multiple taxpayer refunds in recent years, to the chagrin of Democrats who run the state legislature in Denver. Proposition HH, if approved by voters, would prevent many such refunds in the future.
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Proposition HH would reduce property tax rates this year relative to current law, but would increase the tax burden on net, which is why it requires voter sign off. Opponents of HH have been pointing out that the measure would translate into forfeiture of TABOR refunds and ultimately lead to a much higher overall tax state burden in the future.
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The Wall Street Journal called Polis's proposal ‘Colorado’s back-door tax hike’—but it’s more than that,
(Excerpt) Read more at forbes.com ...
Colorado Ping ( Let me know if you wish to be added or removed from the list.)
Tyler v. Hennepin County declared home equity theft unconstitutional.
Looks like this is Colorado’s response.
This needs to be defeated but I don’t know. The got rid of Gallagher and in an off year the government school unions are a large share of turnout.
Jena Griswold sent out 30 thousand postcards to ineligible voters ( non citizens, dead .. ) in 2020 telling them to register to vote.. She did it again. - 2022.
The Democrats try this every year. They find TABOR a real pain as it prevents them from raiding the Colorado treasury.
Poison pill. I thank God for Proposition 13 which I voted for in 1978 and benefit greatly from today.
No to HH. Tabor is at least some help.
Only the galactically stupid would vote for HH.
I pay property taxes but I will be voting NO on HH. Piss on these commies.
Pardon my French. :)
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