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Staff Publications

State Revenue Changes and the Colorado State Budget (2015)

Subjects
Fiscal Policy & Taxes
State Revenue & Budget
Published
09/21/2015

This memorandum provides an overview of how changes in tax and fee revenue impact Colorado’s state budget. Pursuant to the Taxpayer Bill of Rights (TABOR) Amendment, the State of Colorado is limited in the amount of revenue from taxes and fees that it can retain and spend. The TABOR Amendment requires voter approval for tax increases, while fees can be changed by the state legislature without voter approval.