Springs mayor says TABOR timeout response ‘positive’
Thursday, July 08, 2010 at 8:05 am
Colorado Springs Mayor Lionel Rivera Wednesday told the Colorado Independent the response to his call last week for a three-year timeout from the Taxpayer Bill of Rights (TABOR) has been totally positive.
The term-limited Rivera said last week in his final State of the City address that he wants to suspend the TABOR revenue cap that limits how much tax money the city can spend as the economy starts to recover. The move, which would have to be approved by the city council and placed on the November ballot for a public vote, would bolster the city’s dwindling budget since the global recession.
Currently, TABOR requires the city to vote on spending excess funds on a one-time project. Under Rivera’s proposal, the excess revenue would go toward the city budget.
Rivera said in a phone interview that that he’s gathered a lot of support for his proposal since Friday: “a half-dozen emails, all have been positive.”