This explainer presents both sides based on the measure's text. It does not recommend a vote.
Plain English Summary
This measure would change Colorado's TABOR law, which currently requires the state to refund excess tax revenue to taxpayers. If passed, it would modify the revenue limits and allow the state to keep some surplus revenue instead of issuing refunds.
If YES
The state could retain excess revenue above TABOR limits for government spending on services and programs
confidence: high
Taxpayers would receive smaller TABOR refunds or no refunds in years when the state collects surplus revenue
confidence: high
State government would have more predictable funding for ongoing programs and services
confidence: medium
The state could potentially invest more in infrastructure, education, and other public services
confidence: medium
If NO
Current TABOR revenue limits and refund requirements would remain unchanged
confidence: high
Taxpayers would continue to receive refunds when state revenue exceeds TABOR limits
confidence: high
The state would continue to face budget constraints during economic downturns after issuing refunds during surplus years
confidence: medium
Government spending would remain limited by existing TABOR revenue restrictions
confidence: high
Financial impact
Fiscal impact analysis not yet available. The measure would affect both state revenue retention and taxpayer refunds, but specific dollar amounts depend on future economic conditions and revenue collections.
TL;DR
This measure would modify Colorado's TABOR law to allow the state to keep more excess tax revenue instead of refunding it all to taxpayers.
Limitations
Based on measure title only — full text analysis may reveal additional details