Almost three decades of constitutional amendments, legislative acts and economic ups and downs
To understand how Colorado finds itself in its current fiscal condition, it is helpful to look back at some critical decisions made by legislators and voters over the last 29 years, and at some of the economic and political factors that drove those decisions.
The Bell Policy Center is a nonpartisan public policy center and advocacy organization. I am speaking today in support of SB 09-228, to repeal the Arveschoug-Bird 6 percent limit on General Fund appropriations and increase the legislature’s flexibility to appropriate state revenues.
The Bell has been studying state fiscal policy since 2001, when we began researching the impacts of the Taxpayer’s Bill of Rights (TABOR). This work intensified with the economic downturn and the historic decline in state revenues during the first half of this decade.