Colorado Voters Reject Forking Over More Money to State Government – Free Beacon

Colorado voters Tuesday rejected a ballot question that would have let the state increase its revenues by keeping monies that are over collected.

The Taxpayer Bill of Rights, or TABOR, is a law that caps state spending every year using a formula based on population and inflation. Monies collected in excess of that spending limit are supposed to be returned. Proposition CC asked voters to let the state keep those over collections in perpetuity rather than cut refund checks or give the money back in other legally allowed ways.

The rejection of the measure…