Today's Denver Post news story on Governor Bill Ritter's signing of Senate Bill 228 offers the generous headline: "Colorado's fiscal knot loosens". I've taken the liberty to complete the thought with my own sub-headline: "Noose nearly large enough to fit around taxpayers' necks". The article is correct insofar as it points out that the impact of this bill in repealing limits on the growth of discretionary government spending likely won't be felt for a couple years. But that provides little solace, especially when you listen to the righteous confusion coming from the Democratic cast of characters behind this anti-taxpayer legislation. … [Read more...]
Democrats Gamble State Finances, Majority Status, on Pinnacol “Gimmick”
The budget debate at Colorado's State Capitol heads into full throttle this week. In a tough year, the linchpin to the Democrats' plan is a raid on the privately-funded Pinnacol Assurance Company. Even the Denver Post recognizes this as a bad idea:If lawmakers can't get money from Pinnacol, higher education could be cut by more than $400 million — more than half the state's allotment to colleges and universities. Pinnacol offers guaranteed workers' compensation insurance, and Republicans have argued that because the insurer's assets were funded by businesses paying premiums, the state should keep its hands off. [Attorney General John] Suthers, a Republican, clearly, agrees. The Pinnacol idea is dubious at best. It is a gimmick, a … [Read more...]
RMA Blog Talk Radio Solo Hosting Stint: Helpful and Humorous Links
Last night I was honored to host Rocky Mountain Alliance Blog Talk Radio by myself. I was blessed to have three great conversations - including an update on the Fort Collins city council elections with Randy Ketner, a discussion on a range of fiscal issues with prospective state treasurer candidate J.J. Ament, and 12 minutes with my wife and Independence Institute colleague, the lovely Mrs. Virtus, to talk about parental rights and homeschooling freedoms. A rank amateur flying solo by the seat of my pants, I filled in the rest of the time with a monologue referencing several stories. Here are the links for anyone who is interested: Vince Carroll's excellent "Blowing the lid off TABOR" column in yesterday's Denver Post -- which Ament … [Read more...]
Democrats and Marostica: “Forget the Constitution, California, Here We Come”
When talking politics or economics, it's usually a powerful rhetorical tactic to compare our own Colorado to California - especially these days. In that light, here's a fitting and timely reminder from state senator Ted Harvey:The lesson Colorado’s legislators must learn from this recession is clear: fiscal responsibility works. Even though the legislature collectively fell short of creating a rainy day fund, TABOR and the Arveschoug-Bird 6% spending cap forced Colorado legislators to keep spending low. Had the government enjoyed free rein in ramping up spending – which is a great temptation to many lawmakers tasked with spending other people’s money – Colorado’s budget crisis would be as serious as California’s. [emphasis … [Read more...]
Bill Ritter in a “Straightjacket” over Colorado’s Taxpayer Protections
Sean Paige at Local Liberty Online made a great catch, picking up on this excerpt from Bill Ritter's State of the State speech earlier today (H/T Complete Colorado):"There is also an opportunity here – a chance to address TABOR and the constitutional and statutory straightjacket* that makes modern, sensible and value-based budgeting an impossibility. Last year, former House Speaker Romanoff started the conversation, and we need to keep it alive. We need to talk about life after Ref C – whether and when to extend it. We have a chance to find a better way forward, a Colorado way forward." Bill Ritter said what? About 2 months after Colorado voters said No to a proposal to gut TABOR refunds forever and rejected two other major statewide … [Read more...]
Mark Hillman Credibly Criticizes Dems for Failure to Save State Money
Mark Hillman - former state senate majority leader and former state treasurer - once again has established himself as a leading voice of fiscal sanity in Colorado. In an op-ed in today's Denver Post, he assails Governor Bill Ritter and his Democratic colleagues at the helm of the state legislature for their ongoing mismanagement of the looming budget crisis:Balancing a budget during a recession is a difficult job, certainly. But balancing this year's budget didn't need to be this hard if only the leaders at the Capitol had learned from the last recession — or listened to those who experienced it. Last spring, as the economic storm clouds gathered, Gov. Bill Ritter and legislative leaders had opportunities to take precautions. One … [Read more...]
Fiscally Conservative Kevin Lundberg Merits Nod for State Senate Seat
I see the upcoming showdown over the appointment to replace state senator Steve Johnson as a real testing ground: Do Republicans want well-qualified and proven fiscal conservatives of class and character - regardless of their views on social issues - or do they just want to toss officials overboard for their socially conservative views? Estes Park's Jon Nicholas gets it right: state representative Kevin Lundberg is the right person to fill Johnson's seat. Especially if Nicholas' observations (one technical error aside) about Lundberg's less well-known rivals indeed are correct: … [Read more...]
Democrat Rollie Heath Wants to Use Economic Downturn to Kill TABOR
It only took seven weeks after the voters of Colorado said no to a statewide proposal that would have gutted the Taxpayer's Bill of Rights (TABOR) - a proposal pushed by a campaign that heavily outspent the opposition - for the Democrats to be back at it again. From today's Denver Post:Rollie Heath, a Boulder Democrat elected to the Senate, said that as lawmakers grapple in the coming session with cutting as much as $600 million from the budget because of declining revenues, they should also look at TABOR, a revenue-capping provision of the state's constitution. The state is in a timeout from TABOR's tax-revenue limits, but that timeout expires in 2010, when Colorado will have to begin refunding to taxpayers any revenue it collects … [Read more...]
AG John Suthers’ Taxpayer-Friendly Brief Unlikely to Sway Political Court
Mike Saccone reports some pleasing but unsurprising news: Attorney General John Suthers has submitted a friendly brief to the Colorado Supreme Court on behalf of the people of the state, and the district court decision that upheld their rights to vote on a tax increase. But Governor Bill Ritter is probably resting easier than he should, knowing that the political High Court has every reason to favor the Democrats who appropriated them money to construct a new courtroom building. Color me cynical, and hope that I am surprised. … [Read more...]
Romanoff Missing Summer Fun to Put Anti-Taxpayer Measure on Ballot
The Rocky Mountain News reports today on outgoing House Speaker Andrew Romanoff's intense efforts to place an initiative on the ballot that would forever end TABOR refunds for Colorado taxpayers. Of course, the skewed way the Rocky describes the ballot measure, you wonder what sensible person could oppose it:While the rest of Colorado is hiking, rafting, barbecuing or putting in some serious hammock time, Romanoff, D-Denver, and a group of volunteers will hit the streets attempting to gather about 120,000 signatures from registered voters.... The proposal aims to unsnarl the fiscal knot of conflicting spending mandates and limits embedded in the state's constitution. Called SAFE (Savings Account for Education), the effort would seek … [Read more...]