Home Pay off What Coloradans will do with TABOR refunds

What Coloradans will do with TABOR refunds

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Data: Axios survey;  Graphic: John Frank/Axios
Data: Axios survey; Graphic: John Frank/Axios

Refunds to taxpayers are arriving in Colorado mailboxes this month.

  • Individuals receive $750, while joint filers receive $1,500.
  • Refunds, which come early, come because of the Taxpayer’s Bill of Rights.

What’s new: We asked you what you would do with the money.

What we found: We heard from over 200 readers. A plurality said they planned to pay existing bills, followed by those planning to cash them.

  • Others intend to spend money or travel.

Why is this important: The early arrival of the check is a political game of the Democrats. And the taxpayers’ answer is an economic question, because that’s $30 million to $40 million statewide.

What you say : Here is a sample of the different reactions to TABOR controls.

  • “Our local food bank, Bienvenidos Food Bank, is struggling this year with higher needs, fewer donations and food price inflation, so we will be using part of our refund to support our neighbours.” —Ramsay H.
  • “Credit card bills have piled up due to rising gas and grocery prices and I will be paying off some of that debt.” – Nick H.
  • “The rebate is a wonderful opportunity to help small businesses in Colorado.” – Rich C.
  • “As a senior on a fixed income, I’m looking for ways to increase my emergency fund.” — C. Rider
  • “I still pay my bills. That will help. That said, I would rather get rid of Tabor and allow the money to be used for public education.” —Wendy B.
  • “I am changing careers outside of education and have taken a pay cut. This will help me catch up on my bills.” — Makayla V.

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