Proposition CC Is A Tax Increase
Under the Taxpayer’s Bill of Rights, or TABOR, state government spending in Colorado is restrained by a revenue cap. It says that if certain tax and fee collections rise faster than the rate of population growth plus inflation, the excess revenue must get sent back to taxpayers in the form of refunds, unless voters give permission for the state to keep the money.
Prop. CC would eliminate that cap at the state level, allowing the state to keep and spend all future excess revenue on transportation, K-12 schools and higher education rather than refunding it to taxpayers. This process is also known as “de-Brucing,” a reference to TABOR co-author and former state lawmaker Douglas Bruce.