State government will spend $600 million more over the next two years than a proposed constitutional amendment would have allowed, according to a new report by the Legislature’s nonpartisan fiscal analysts.
The proposed amendment – dubbed the Taxpayer Bill of Rights, or TABOR – is designed to limit how much state and local governments can increase spending each year.
Had it been in place for the $53 billion budget the governor signed into law last month, it would have required a cut equivalent to what the state will spend over the next two years to run the Legislature, the governor’s office and the court system.