Budget & Tax News - Analysis: In Defense of Colorado Taxpayer's Bill of Rights

Excerpt: "Where most states spent all or nearly all available revenues, Colorado had to return surplus revenues to the taxpayers in the good years. Thus, the revenue decline in Colorado did not hurt as much because the state was not allowed to spend all the money it collected during the good times."

Independence Institute - Citizens to Politicians: We Like TABOR

Excerpt: "When [Colorado] citizens passed the TABOR Amendment through citizen initiative, they made a clear distinction between the revenue the government collects within the TABOR limit and any surplus  revenue collected above that limit. From a taxpayer perspective, that surplus revenue represents excess taxation that must be rebated to those who paid the excess taxes."