Colorado Bill Could Undermine TABOR Protections Redirecting Billions Away From Taxpayers

By Nash Herman | Commentary, Complete Colorado

Senate Bill 135, legislation that could permanently end the refund of overcollected tax dollars, as well as radically raise revenue limits under Colorado’s Taxpayer’s Bill of Rights (TABOR) amendment, just received a new fiscal note predicting an even bigger blank check for the legislature than before. 

This follows the updated revenue forecast presented to the Joint Budget Committee (JBC). 

Let’s see what changed. 

Budget hole gets bigger

Legislative analysts predict that this year’s “budget shortfall” will be approximately $1.5 billion, based on the March 2026 Economic and Revenue Forecast.  

While that means a haircut to General Fund spending to fill the budget hole, some bills, including SB-135, are now seeing improved fiscal expectations (at least from the legislature’s point of view). 

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