Staff Publications Subject(s): Fiscal Policy & Taxes State Revenue & Budget Published: September 21, 2015 Agency: Legislative Council Staff 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. Download Document
