Revised tax limit amendment draws legislative leaders’ support

It’s shorter, easier to understand, and this time it’s co-sponsored by the state Assembly’s top two leaders and the state Senate president.But the centerpiece of a proposed constitutional amendment to limit state and local spending – which sponsors call a taxpayer bill of rights, or TABOR – has not changed: It would require approval from state or local voters to exceed spending limits set by the amendment, to raise taxes or to approve long-term debt.