Revenue collections by state government have been so surprisingly strong that officials now expect Colorado single-filer taxpayers will each receive refund checks of at least $750 this summer. That’s an upward revision from the previous May estimate of at least $500 per taxpayer, which itself was an increase from the amount of $400 per taxpayer that lawmakers and the governor announced in April. Colorado’s Taxpayer’s Bill of Rights (TABOR) requires the state to refund any tax revenue it collects above a cap calculated based on rates of inflation and population growth.
Similar Stories to Now Estimated At $750, Colorado Tabor Checks Soar As Refund Pool “far And Away” Largest Ever on Bing News
Alex Burness, Denver Post: Politics
Tue, 06/21/2022 - 10:05am
Topics: april colorado s taxpayer s bill rights tabor june that s greg sobetski previous democrat-led colorado sb22-233 joint budget committee chair julie mccluskie democratic added sen chris hansen denver democrat gop republican sen bob rankin carbondale we these lawmakers inflation coloradans economists march employment gov jared polis putin s ukraine that s i colorado colorado s tabor tabor lawmakers rankin i checks refund largest state government people money tuesday growth cap amount wage strong cost forecast recovery sectors levels statement reported season trade revenue one-year costs grow governor food year revenues country summer news expect rate taxpayers wages jobs collects
BING NEWS:
- A $100 refund stimulus check is coming to Mesa County, Colorado
In an unexpected financial boon, more than 111,000 residents of Mesa County, Colorado, are set to receive a $100 stimulus check this week. This initiative is a direct result of the county's revenue ...
12/18/2024 - 3:42 pm | View Link - More
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