If the 2009 Colorado legislative session will be remembered for anything, it will be for appalling fiscal mismanagement. The Democrats sidestepped TABOR’s requirement that all tax increases be approved by voters by passing approving about a billion dollars in fee increases and new taxes. Colorado families, students, and businesses will feel the pain of these fee and tax increases when they can least afford it.
The Democrats took things a step further by repealing a part of TABOR that limits most government growth to 6% per year. This long-standing cap has served both to keep spending in check and require that transportation receives funding on a regular basis. Now that the 6% cap has been repealed, money originally set aside for transportation can be freely spent on assorted pet projects, causing our state’s infrastructure to further deteriorate.
The legislature faced a budget shortfall of approximately $850 million this year. The Democrats shot down more than 22 Republican proposals to cut spending and instead drained trust funds and resorted to one-time accounting tricks to avoid making tough choices. In spite of the Democrats’ whining about taxes being too low, they actually managed to increase state spending by 4%.
These one-time accounting gimmicks accomplished nothing. The Democrats have balanced the budget on the bet that the economy will bounce back within months. Senate Minority Leader Josh Penry described the impending fiscal train wreck as a “ticking time bomb.” Fortunately, this reckless stewardship of taxpayer money has not gone unnoticed.
This year’s Tax Day Tea Party drew an estimated 7,000 conservative activists on a work day who made their point heard: taxes are too high, spending is out of control, and the government is too big. I am very encouraged by level of public engagement on this issue – lawmakers will not be able to continue this sort of reckless taxing and spending for long.



