Mixed opinions on three November ballot measures
Three measures on the Nov. 2 ballot aimed at cutting into state and local taxes would restrain out-of-control government spending and give voters the final say on taxes, a supporter told Club 20 on Saturday.
A critic of the measures, though, said the measures pose a threat that no other state is interested in taking on.
Under one of the measures, Amendment 61, aimed at limiting borrowing to 10-year payoff periods, “We would become the only state in the nation that doesn’t allow public financing, which is literally insane,” said Rob Reiter, a Denver political strategist who opposes the ballot measures..
The current system, however, “is broken,” said Debbie Schum, a Delta-area rancher and proponent of the three measures.
Passage of the measures would result in the state having $38 million to pay for services that now cost $3.7 billion, Reiter said.
Much of the $3.7 billion now is “diverted and reallocated to black-hole legacies,” Schum said, noting that many predicted disaster for the state after the passage in 1992 of the Taxpayers Bill of Rights.
Proposition 101 would repeal or cut state revenue streams, including ownership taxes on cars, the state income tax and telecommunication fees. Amendment 60 would beef up the Taxpayer’s Bill of Rights and have a significant impact on the state budget. Amendment 61 would ban the state government from borrowing money and limit voter-approved borrowing for local governments to a decade.