HB 2285 Would Use the Faulty Formulas of Colorado’s TABOR As The Yardstick for Measuring Arizona’s Budget
Only Colorado has passed the so-called Taxpayers Bill of Rights (TABOR), which uses the highly flawed formula of general inflation plus the annual change in population to limit state spending. It was such a disaster for schools, roads, healthcare, public safety, and the economy that Colorado voted to suspend it. Colorado business leaders agree that TABOR led to slower job growth and delayed recovery from the last recession. Over 20 states have considered and rejected such artificial spending limits. Over the last decade, Arizona legislators from both parties have repeatedly rejected TABOR bills because they are so dangerous.