Last night Colorado citizens passed Referendum C – 52.3/47.7 – “suspending” (code word for killing)the nations toughest restriction on government spending. Colorado will now be allowed to keep/and spend an additional $3.7 billion over the next five years, money that would have been returned to taxpayers under the model. Between 1995 and 2000 over 111,000 Californians moved to Colorado. I wonder if they took tax and spending ways with them? Gov. Bill Owens used some pretty big scare tactics to fight for Ref C – read about that here. Shameful. In unrelated news the citizens of Wyoming, Kansas, Arizona, Nevada, Utah, and Oklahoma sent a big thank you card to Colorado – seems they’re more competitive now. Their tax structures don’t look so bad when you consider a $3.7 billion tax increase was just passed. Despite a serious blow the TABOR fight will move on.
Geoffrey Segal is the director of privatization and government reform at Reason Foundation, a nonprofit think tank advancing free minds and free markets. He is also editor of Reason's Privatization Watch.