February 4, 2009 - 02:04 am
News Feed: Colorado

Incoming senator wants overhaul of TABOR as part of plan to boost economy

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An incoming state lawmaker on a legislative committee charged with boosting Colorado's sinking economy said Monday that the committee should look at overhauling the Taxpayer's Bill of Rights as part of its work.

Rollie Heath, a Boulder Democrat elected to the Senate, said that as lawmakers grapple in the coming session with cutting as much as $600 million from the budget because of declining revenues, they should also look at TABOR, a revenue-capping provision of the state's constitution.

The state is in a timeout from TABOR's tax-revenue limits, but that timeout expires in 2010, when Colorado will have to begin refunding to taxpayers any revenue it collects over TABOR's prescribed limit.

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