FISCAL - Issue Backgrounders - Independence Institute

Amendment 78: Accountability and Transparency For Custodial Funds 0
- October 27, 2021
Topline Summary: Under current law, the governor or executive branch officials can unilaterally allocate certain funds which originate from outside of the state—known as custodial funds—often with little or no oversight. Amendment 78 would democratize the process of allocating custodial funds by requiring the general assembly to appropriate such funds after a public hearing. If
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Backgrounder: $617 million in Hidden Taxes from 2021 Session 0
- June 15, 2021
With the 2021 Colorado regular legislative session concluded, lawmakers have approved tax and fee increases on Coloradans of up to $617 million annually without voter consent. The new revenues are enough to give every schoolteacher in Colorado a $11,343.65 per year raise. The tax and fee increases amount to an average of $430 per year
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Denver, Colorado Sales Taxes Increased Without Voter Consent 0
- March 12, 2021
Denver’s 2021 budget reveals that the city expects to collect $14 million in new sales tax revenues this year by taking advantage of a 2018 United States Supreme Court ruling for the first time. The State of Colorado began collecting new sales tax revenues under the same scheme in 2019. These tax increases have come
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Regressive Taxation in Colorado: Two Competing Views 0
- January 28, 2021
Colorado has a regressive tax burden that punishes the poor. It’s not fair. Voters in the Centennial State heard that a lot last year, but is it true? If so, how and why, and what should be done about it? Key Takeaways: The Colorado tax code imposes an overall regressive tax burden. While the overall
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Amendment B Repeals Property Owners’ Constitutional Tax Protections 0
- October 5, 2020
Colorado has 4,518 active local governments that collect property taxes. Every single one of them wants more money. So do the interest groups that get money from those governments. Passing Amendment B will help them get it.
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What You Need to Know About Amendment 73 and Public Education Funding 0
- September 18, 2018
IB-C-2018 (Sept. 2018) Author: Linda Gorman DOWNLOAD REPORT IN PDF Executive Summary: In November 2018, voters will decide on Amendment 73, a state constitutional amendment which would increase income, property and corporate taxes in Colorado to fund public education. If Amendment 73 passes, Colorado will no longer have equal state income tax rates for all.
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