Opinion: Development impact fees should be part of Prop CC
Proposition CC, on the ballot this November, would allow the Colorado state government to keep all tax revenues above the population-plus-inflation limit approved by Referendum C in 2005, which got rid of the ratchet effect of the Taxpayer’s Bill of Rights, or TABOR. The state forecasts that Prop CC would allow the state to keep about $310 million for 2019-2020 and $342 million for 2020-2021 that otherwise would be refunded to the taxpayers. House Bill 1257, which put Prop CC on the ballot, says this money is for public schools, higher education, roads, bridges and transit. As KC Becker, Speaker of the House and a Boulder representative, commented in The Colorado Sun, “Is this the long-term fix to any of the state’s long-term issues? No, it’s not,” but “I think it’s a necessary, important part of it.” But the real problem is that most of Colorado’s huge unfunded needs are caused by growth and development not paying its way, and Prop CC fails to implement any of the necessary fixes....