Bundle of three tax initiatives gathering signatures in Colorado
Colorado: Prominent Colorado activists are currently at work trying to collect signatures for three ballot initiatives geared towards lowering current taxes and continuing the lowering trend well into the future. The measures' initiative titles were recently approved by a state panel and now are being circulated so that volunteers and supporters can collect the 76,047 required signatures by next July, in time for the November 2010 election. The first, Initiative 10, has several provisions: creates a flat ten dollar per year per vehicle registration fee, lowers the income tax rate from 4.63% to 4.5% and then annually until it hits 3.5%, and repeals most television taxes. The second, Initiative 12, focuses on property taxes by limiting the extent they can be raised and strengthens the channels that the public can take to lower them. The third, Initiative 21, seeks to limit the outstanding debt of the state by restricting the financing of capital construction projects through public bonds. As of now, signature-gatherers are all volunteers.
At the center of the effort is Doug Bruce, a former state representative and activist, who originally drafted the "Taxpayer Bill of Rights" constitutional amendment to stem how much and how quickly the state government can raise taxes. More wide-ranging support has come largely through opposition to an overwhelming focus on the condition of general revenue by a state commission, as well as unknown quantities of money being funneled into public projects.
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