On October 16, 2019 the Longmont Chamber of Commerce (LACC) announced that its board of directors voted to support Proposition CC.
Proposition CC is a state-wide ballot initiative designed to allow the State of Colorado to retain excess tax revenues in years when an excess occurs, rather than refunding any excesses to taxpayers as currently required.
As a part of TABOR (The Taxpayer’s Bill of Rights) the government is limited on the amount of money it can collect, spend, and save each year. The money collected above this limit must be returned through a refund to taxpayers.
Proposition CC would allow the government to keep excess revenues and redirect those monies to K-12 education, higher education, and transportation. Many in support of this proposition feel that it “will allow elected officials to make better policy decisions while preserving the citizens’ right to vote on any new state taxes and tax rate increases,” states LACC in a press release.
“The Board of Directors of the Longmont Chamber support this as it will allocate much needed
revenues for transportation and education, both areas that we believe will benefit from additional
funding,” said Cook. “Quality education and efficient transportation are all workforce issues,”
he continued. “While this may not be a perfect solution, we believe that it will help to close the
gap that exists between funding and these priorities.”
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