KKTV 11 News | Colorado Springs, Pueblo | News

Fiscal Finagling

By: Associated Press
By: Associated Press

Republican lawmakers are ready to take on the state's fiscal crisis, including making some changes to TABOR... or the Taxpayers' Bill of Rights.

TABOR limits taxes and spending by the state.

Economists say $310 million must be cut from next year's budget and $480 million must be refunded to taxpayers as required by TABOR.

Some Republican lawmakers feel TABOR has to be changed because there's nothing left to trim from the budget without hurting the state.


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