Senate Leadership Focused On Finance

by editor

By Hannah Garcia, LAW WEEK COLORADO

Even before the session started, legislators were laying out plans for the coming year last week.

Senate President Bill Cadman, clad in a suit and cowboy boots, met with reporters at the Capitol Jan. 5, before the session began, with Senate Majority Leader Mark Scheffel to talk about issues spanning constitutional tax laws to education funding.

Chief among the most talked-about topics were state revenue and Colorado’s Taxpayer Bill of Rights, which requires the state to return excess revenue in the form of tax credits to taxpayers during budget surpluses and has resulted in billions of dollars worth of refunds since the voter-approved amendment passed in 1992.

Democrats in the statehouse have claimed TABOR makes it difficult to restore recession-induced budget cuts despite newly available funding, but Republicans typically favor the amendment’s tendency to restrict government growth.

To read this story and other complete articles featured in the January 12, 2015 print edition of Law Week Colorado, copies are available for purchase online.