Bill Summary for Bill Number Consideration of TABOR Fiscal Information for Amendment 68

Date: 09/03/2014

Final
Consideration of TABOR Fiscal Information for Amendment 68

COMMITTEE ON EXECUTIVE COMMITTEE OF THE LEGISLATIVE COUNCIL

Votes: View-->	Action Taken:
Approve the staff recommendations for the TABOR fi	PASS

08:47 AM -- Consideration of TABOR Fiscal Information for Amendment 68

Speaker Ferrandino, chair, called the meeting to order.

Mike Mauer, Legislative Council Staff, presented the Taxpayer's Bill of Rights (TABOR) fiscal information for Amendment 68 (Attachment A). He stated that state law requires the Executive Committee to provide the fiscal information that must be included in the ballot information book for matters arising under TABOR. Mr. Mauer explained that TABOR requires the following:

140903 AttachA.pdf

the estimates or actual state fiscal year spending for the current year and each of the past four years with the overall percentage and dollar change; and

for the first full fiscal year of the proposed tax increase, an estimate of the maximum dollar amount of the tax increase and of state fiscal year spending without the increase.

Mr. Mauer noted that figures labeled "TBD" in Tables 2 and 3 would be provided prior to publication of the ballot information book based on the September 2014 Legislative Council Staff revenue forecast.


BILL:	Consideration of Fiscal Information
TIME:	08:51:30 AM
MOVED:	Carroll
MOTION:	Approve the staff recommendations for the TABOR fiscal information to be included in the Blue Book ballot analysis for Amendment 68. The motion passed on a vote of 6-0.
SECONDED:	Hullinghorst
		VOTE
	Cadman	Yes
	DelGrosso	Yes
	Heath	Yes
	Hullinghorst	Yes
	Carroll	Yes
	Ferrandino	Yes

Final YES: 6 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS

08:52 AM

The committee adjourned.