Letter to the editor: Vote no on Proposition CC to keep your money | SummitDaily.com

Letter to the editor: Vote no on Proposition CC to keep your money

The question for voters on Proposition CC is simple: “Do you want to get the refund you are entitled to under TABOR or not?”

The answer for everyone should be, “We want our money back.”

Proposition CC would foolishly and permanently eliminate the TABOR revenue caps that have restrained government spending since 1992. TABOR provides that the surplus revenue the TABOR cap must be refunded to taxpayers. Under TABOR, the state has returned more than $2 billion to taxpayers.

The TABOR limit for 2019-20 is $15 billion (one-third of the total budget because the rest is not subject to the limit.) The estimated surplus is $310 million this year.

We want our $310 million back.

Proposition CC supporters claim that legislators could use $310 million more to spend. We could, too. But $310 million is only about 0.9% of the total $35.5 billion state budget. Since more than 40% of the state budget already goes to education and transportation, how much difference would $310 million really make? Not much. But it would allow them to divert money from those programs to lower priority programs. 

We want our $310 million back.

The real effect of Proposition CC is not to improve education and transportation but to enable legislators to sidestep the fiscal restraint imposed by TABOR. As the surplus grows in the future, they can spend it on whatever they choose. They can avoid tough budget decisions on how to allocate limited funds to human services/health care (40%), education (35%), transportation (6.5%) law enforcement (6%) and everything else.

We want our money back, so we can make our own decisions on how to spend the surplus.

I agree with Deborah Irvine, of the Summit County Republicans. The Taxpayer’s Bill of Rights must be protected in Colorado. Vote no on Proposition CC. 

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