Colorado receives annual payments from tobacco manufacturers as part of the Tobacco Master Settlement Agreement. In April 2013, the state received $90.8 million, most of which will be used to fund healthcare programs across the state.
Senate Bill 17-267, enacted during the 2017 legislative session, changes many aspects of fiscal policy for the state. This issue brief summarizes the bill's principal components.
This memorandum presents information on emergency fiscal provisions in Article X, Section 20, of the Colorado Constitution (TABOR). Specifically, it discusses the emergency reserve and emergency taxation provisions contained in subsections (5)and (6) of TABOR, respectively.
Revenue collected in excess of the constitutional revenue limit, or TABOR limit, must be refunded to taxpayers unless voters authorize retention of the excess amount. This memorandum presents information on this constitutional requirement and its administration at the state level.
This memorandum provides information on five types of programs that provide property tax and/or rental cost relief to seniors. These include: property tax exemptions; property tax credits, and income tax credits that reimburse housing costs; "circuit breaker" programs that provide targeted housing cost relief to low-income seniors; property tax freezes; and property tax deferrals.
