Colorado Authorization to increase bonded indebtedness
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How to fill out Authorization To Increase Bonded Indebtedness?
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FAQ
Any revenue collected above this limit must be refunded to taxpayers unless voters authorize the state to retain it. The Colorado Cash Back check Coloradans will receive this year, or early in 2023, is a refund of state revenues collected above the TABOR limit in state fiscal year 2021-22.
History of TABOR This amendment to the Constitution of the State of Colorado generally limits the amount of revenue governments in the state can retain and spend. Absent voter approval, it requires excess revenue to be refunded to taxpayers.
The Taxpayer Bill of Rights (abbreviated TABOR) is a concept advocated by conservative and free market libertarian groups, primarily in the United States, as a way of limiting the growth of government.
The Taxpayer's Bill of Rights (TABOR) Amendment was approved by voters in 1992. This amendment to the Constitution of the State of Colorado generally limits the amount of revenue governments in the state can retain and spend.
What is TABOR? The Taxpayer's Bill of Rights, or TABOR, is a 1992 constitutional amendment that requires voter approval for all tax increases in Colorado. It also caps government growth and spending, mandating that tax revenue collected in excess of the cap be refunded to taxpayers.
We, the people of Colorado, with profound reverence for the Supreme Ruler of the Universe, in order to form a more independent and perfect government; establish justice; insure tranquillity; provide for the common defense; promote the general welfare and secure the blessings of liberty to ourselves and our posterity, ...
A school district receives revenue directly from individuals and businesses in the form of property taxes and specific ownership taxes. funding comes mostly from state income and sales taxes, which are primarily deposited into the state General Fund.