Cañon City seeks relief from TABOR
CANON CITY, Colorado: This week Cañon City Council unanimously approved a TABOR timeout ballot measure for the November 3rd ballot. The ballot measure asks for the city to be permitted to keep and spend revenues currently restricted by the 1992 statewide TABOR. The measure, if approved, is not permanent but instead has a 10-year limit. The measure is expected to provide temporary relief during the state's economic downturn. If approved, the measure would be in effect from January 1, 2010 until January 1, 2020. After the 10 year relief, TABOR will be reinstated.