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Property Tax Revenue Estimate More Than Doubles January 9, 2008

Posted by bendegrow in Colorado Governor, Property tax increase, statewide, Referendum C, TABOR.
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From the Denver Post today comes staggering, but not altogether surprising, news:

Gov. Bill Ritter’s property-tax freeze will generate an estimated $2 billion more over 10 years than lawmakers were expecting when they approved it eight months ago, according to the latest calculations.

The revenue leap fired up Republican lawmakers — who were already calling the freeze an “illegal tax hike” — as the legislature convenes today for its 2008 session.

The freeze, which prevents local property taxes for schools from dropping, is now projected to result in nearly $3.8 billion in state money by 2017. That’s more than double the $1.74 billion estimated when lawmakers passed the governor’s proposal in May. [Emphasis added]

Depending on which school district your home or business inhabits, this means even twice the pain for your wallet than previously estimated. Sounds like a rerun of the Referendum C story.

We can’t forget that it is Gov. Bill Ritter and the Democratic Party who own this unconstitutional proposal (i.e., they should have asked the voters first!). They’ve tried dodging the argument and playing dumb. But all lawmakers and public officials need to be kept accountable to the taxpayers they represent.

Cross posted at Ritter Watch

Quote of the Week December 11, 2007

Posted by awatcher in Uncategorized.
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The Grand Junction Sentinel is reporting on the decision by the Mesa County Commissioners support the Independence Institute in its quest to enforce TABOR:

County commissioners, by a vote of 2 to 1, approved joining a lawsuit last week to stop the freeze. Acquafresca does not favor joining the suit, which is being spearheaded by the Libertarian Independence Institute, based in Golden.

“Frankly, this lawsuit, it doesn’t look like a great case,” he said. “The Independence Institute doesn’t care what a great case it is. Their job is just to rattle the Democrats.

And a mighty fine job they do!  If Democrats would simply follow the Constitution, there wouldn’t be a need for an Independence Institute.

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