Referendum C set TABOR’s tax baseline at the highest amount collected between 2005 to 2010. Ref C’s big-spending advocates promised that its tax burden would last only five years. But Coloradans still pay $1 billion each year.
Now our state wants Amendment 66, an additional $1 billion annually. Rather than its ever-expanding bloated budget, the state should eliminate inefficiencies and consolidate or privatize government functions.
Education consumes 37 percent of the budget, roughly $10,000 per pupil. Still, despite billions of tax dollars spent on education, pupil achievement remains essentially flat. Moreover, the state will impose more regulations, taking yet more control of their children’s schooling away from parents.
High taxes stifle the economy, reduce the amount individuals have to spend, and limit the ability of businesses to expand or to maintain employee benefits.
Amendment 66 carries a $1 billion price tag that will grow every year. Its goals cannot be measured. Colorado taxpayers deserve better.