Senate adopts bill reclassifying some state revenue while rejecting referendum proposals
Senate Bill 42, which reclassifies certain revenue for TABOR calculations, passed after floor debate about TABOR’s scope, fiscal impacts and whether reclassification changes should go to voters; amendments to subject the change to referendum failed on the floor.
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Senate Bill 42, concerning the classification of certain state revenue for purposes of the TABOR cap, was adopted after floor debate that highlighted the measure’s potential effect on TABOR refunds.
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