The shortfall comes even as Colorado's economy is continuing to grow and tax revenues increase.
Taxpayer's Bill Of Rights (TABOR)
- Colorado collected 17 percent more tax revenue last year than it did in 2008, right before the start of the Great Recession.Read more
- Without voter approval, the Taxpayer Bill of Rights (TABOR) requires that money be refunded.Read more
In his regular conversation with Colorado Matters, the governor talked taxes, a possible veto, and the failed plan to end homelessness in Denver.
If lawmakers don't pass any new tax credits, the average taxpayer would get a refund. But a lot are proposed. Which ones are worth it?
Republicans say taxpayers, not the state, should get the refunds.
What the bill does: Provides tax benefits to new businesses in "rural jump-start zones."
The House speaker, a Democrat, is pushing an effort to let the state keep money it would otherwise have to send back to taxpayers.
What the bill would have done: Change Colorado's low-income housing credit to allow the Colorado housing and finance authority to issue the credit for three additional years.
Lawmakers say they would use it for things like school construction, marijuana education and drug prevention services.