DISPATCHES FROM THE BLUE ZONES: Tax refunds gone for ‘foreseeable future’ under Prop NN.

A measure referred to Colorado’s November ballot by the legislature would allow the state to keep and spend over $850 million in just the first two budget cycles after passage, revenue that otherwise would be refunded back to taxpayers.

Majority Democrats passed Senate Bill 26-135 during the last legislative session, which placed Proposition NN on the ballot. The measure would allow the state to retain excess tax dollars collected over the current Taxpayer’s Bill of Rights (TABOR) revenue cap to spend on public education and cover homestead property tax exemption reimbursements.

According to a new report by the Common Sense Institute, Prop NN would increase state spending by $329.9 million in fiscal year (FY) 2027 and $521 million in FY 2028, totaling $850.9 million over the two years.

Those are funds that would otherwise be sent back to taxpayers under TABOR, the constitutional amendment that limits growth of a portion of the state budget to a formula of population growth plus inflation. TABOR also requires voter approval for tax increases, among other things.

If NN passes, Dems will pass along our tax refunds to their cronies in public education.

It’s For the Children™, of course, but as always, little or none of the additional monies will reach any classrooms.