With bipartisan support for the $750 TABOR refund checks that are hitting mailboxes this month, you would think that liberal special interests would back off their push to go after that refund money in the future. But that’s not the case.
Initiative 108 recently qualified to appear on this November’s ballot. This “affordable housing” initiative would take $300 million of our TABOR tax refunds and put it toward a land-banking fund, concessionary debt fund, down-payment assistance program and grants to homelessness programs.
It sounds complex because it is complex. Instead of pursuing simpler solutions, supporters of this measure want voters to approve a plan that is expensive, uncertain and confusing.
With inflation over 8% and gas prices over $4 per gallon, families need their TABOR refund money this year and in upcoming years. Democrats, including Gov. Polis, have been celebrating these TABOR refund checks since the beginning of the legislative session. The money also comes at a time when the state government is bigger than ever. Our state budget is now $38.1 billion — growing by over $1.5 billion per year. Fees continue to skyrocket, including a new fee on deliveries and ride-shares that started last month.
See the full article by Michael Fields, August 25, 2022