Gov. Bill Ritter said last Thursday that he is working with groups outside the Capitol to craft a 2011 ballot initiative that would eliminate aspects of the Taxpayer's Bill of Rights.
Speaking to members of the Colorado Alliance for Retired Americans -- an arm of the AFL-CIO union -- Ritter explained how Colorado's constitution makes it difficult for lawmakers to prevent severe budget cuts to departments such as human services and public safety.
After spending a day and a half trying to absorb brain-numbing financial presentations, printed reports and Power Point slides, it was only fair that members of the state Fiscal Stability Commission got a little entertainment Thursday afternoon.
My name is Wade Buchanan and I am president of the Bell Policy Center. The Bell is a non-partisan public policy research and advocacy organization. I am speaking today in support of SB 09-228, to repeal the Arveschoug-Bird 6 percent formula and increase the legislature’s flexibility to appropriate General Fund revenues.
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.
When it comes to the state budget, Colorado is digging a hole.
That's one of the conclusions in a new report, Looking Forward: Colorado's fiscal prospects amid a financial crisis, by the Bell Policy Center, the Colorado Children's Campaign and the Colorado Fiscal Policy Institute.
Baker, RobinBuchanan, WadeJones, RichWaterous, FrankWatt, Joe
This report projects the amount Colorado would need to spend to maintain state services at 2007 levels through fiscal year 2012-13 and the amount of revenues that will be generated to pay for them. The costs of services were estimated based on factors that drive the budget, such as the number of students in college, inflation rates and the number of prisoners. It updates our December 2007 Looking Forward report.
(This report was updated to reflect the repeal of the Arveschoug-Bird funding formula in April 2009. It was passed out during a presentation by Wade Buchanan to the interim Fiscal Stability Commission on July 9, 2009.)
The road to 2009 Almost three decades of constitutional amendments, legislative acts and economic ups and downs