INTERIM COMMISSION TO STUDY FISCAL STABILITY
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10:12 AM -- Presentation by Jerry Groswold on a Comprehensive Tax Study
Jerry Groswold, member of the Colorado Economic Futures Panel, discussed his concerns about the budget issues facing Colorado and described the efforts of the University of Denver's Economic Futures Panel and Strategic Issues Panel. A copy of his testimony is provided as Attachment A. He indicated that studies published by the panel will be distributed to the commission. Copies of these documents are provided as Attachments B and C. He discussed the conclusions of the studies, such as conflicting provisions and unintended consequences of amendments. He also commented on the political climate of Colorado voters. He concluded by stating the need for a comprehensive tax study similar to the 1959 tax study and described how such a study should be organized.