Colorado's TABOR

In a follow-up to Colorado's drama filled campaign (as posted here) over the state's Taxpayer's Bill of Rights (TABOR), AP reports today:

Colorado voters agreed Tuesday to give up $3.7 billion in taxpayer refunds over the next five years to help the state bounce back from a recession, ignoring fiscal conservatives who argued that the government doesn't need more money to spend.

The money would have been refunded to taxpayers under the state's spending restriction constitutional amendment, "considered the nation's strictest cap on government spending." However, the drama continues with an opposition group threatening legal action regarding reported voting problems.

In a related tax vote, Denver voters approved "an annual $25 million property tax increase to fund a program that will link raises and incentives for Denver public school teachers to student achievement."