REFERENDUM C calls for loosening the Taxpayer’s Bill of Rights’ spending limits for five years and asks taxpayers to give up $3.7 billion that would otherwise be refunded as required by TABOR.
REFERENDUM D lets the state issue bonds to borrow up to $2.1 billion for selected road projects, school construction and pension payments for firefighters and police officers.
UNDER THE MEASURES, VOTERS WOULD LOSE:
Five years of refunds, or a total of about $500 per taxpayer. Some say the amount would be higher.
The “ratchet effect,” which keeps state leaders from boosting the budget when the state begins
recovering from recession.
VOTERS WOULD KEEP:
The power to vote on future tax increases.
Spending limits that trigger refunds would resume after five years.
One of the lowest state income tax rates in the nation.
