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TABOR REVENUE LIMITS Dee Visor Kim Crawford Butler Snow LABOR Requires Elections On Any new tax, tax rate increase, mill levy above that for the prior year, valuation for assessment ratio increase

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How to fill out tabor revenue limits

01

Gather all relevant financial information including revenues, expenses, and any exemptions or adjustments.

02

Calculate the current year's allowable revenue limit by applying the appropriate formula specified by the Tabor Amendment.

03

Determine any excess revenue above the limit, which may require returning funds to taxpayers or seeking approval for a voter-approved revenue increase.

Who needs tabor revenue limits?

01

Local governments and school districts in Colorado are required to adhere to Tabor revenue limits in order to comply with state law and ensure fiscal responsibility.

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What is tabor revenue limits?

TABOR (Taxpayer's Bill of Rights) revenue limits are restrictions placed on the growth of state and local government revenues in Colorado.

Who is required to file tabor revenue limits?

State and local governments in Colorado are required to file TABOR revenue limits.

How to fill out tabor revenue limits?

TABOR revenue limits are typically filled out using specific forms provided by the Colorado Department of Revenue or local government authorities.

What is the purpose of tabor revenue limits?

The purpose of TABOR revenue limits is to control the growth of government spending by limiting the amount of revenue that can be collected.

What information must be reported on tabor revenue limits?

TABOR revenue limits require reporting of revenue sources, expenditure details, and calculations showing compliance with the revenue limits.

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