Colorado’s bountiful surplus revenue is soon to be refunded to its rightful owners — the state’s taxpayers — and not a moment too soon. Spiraling inflation and a slowdown in the state and national economies have put the squeeze on already-hard pressed Colorado consumers.
As reported Monday by The Gazette, checks have started going out in the mail this week to Coloradans from just about every walk of life. Individual tax filers can expect $750 while couples filing jointly will receive $1,500. It will be a boon to some 3.1 million state residents in total who will be getting a check sometime this month or next.
The refunds will be tonic for a lot of ailing household budgets, but they also come with a healthy dose of irony. The Democrats who wield all the levers of power in Colorado’s state government these days are taking credit for the seeming largesse. Yet, the refunds actually are required — by the state’s constitution, no less — thanks to a decades-old, voter-approved policy most Democrats bitterly opposed from the start.
See the full article by Editorial staff, August 2, 2022