Archive for the 'Taxes' Category

November
4th 2016
New Finance Paper Sheds Light on Complicated Issues

Posted under Publications & Research & Ross Izard & School Finance & Taxes & Taxpayers

Just last week, we were talking about the record number of local school-related tax increases on the ballot and how those increases fit in the context of school finance overall. I even had a reader named Larry write in to correct me on a misspelling of Michael Phelps’ name. I incorrectly thought his name was Michael Phelp (with no “s”). I suppose that’s what I get for not watching swimming. I am dreadfully ashamed of the error, and hope Mr. Phelps (and Larry) can find it in his heart to forgive me.

Fortunately, I won’t need to make any swimming references today. Instead, I’d like to continue the conversation on Colorado school finance by briefly highlighting a new issue paper published by my Independence Institute policy friend Ross Izard. Continue Reading »

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October
28th 2016
Not All Records Are Good Records When It Comes to Taxpayers

Posted under Fiscal Responsibility & School Finance & Taxes & Taxpayers

Records are usually good things to set. Consider Jamaican Olympian Usain Bolt’s blindingly fast 100m dash record. Or maybe you’d be more impressed by U.S. Olympian Michael Phelps’ record number of individual medals—a record that hasn’t been touched since a guy named Leonidas of Rhodes won his 12th individual event in 152 B.C. That’s right, B.C. as in Before Christ. If you’re more into weirder records, you could ponder the couple who hold the record for most tattooed senior citizens, the man who maintains the world’s largest afro, the cat who holds the distinction of being the world’s longest housecat (at about four feet in length), or the llama who holds the record for highest bar jump cleared by a llama. Yep, that’s a real thing.

But sometimes records aren’t so great. For instance, the record for “worst pandemic” goes to the bubonic plague, otherwise known as the “Black Death,” which killed about a quarter of the people in Europe back during the 1300s. My guess is that few people were excited about that one. And although tax increases are somewhat less terrible than society-ravaging outbreaks of plague (some may disagree on that point), I can’t imagine Colorado taxpayers are super excited to find out that 2016 has set the state record for mill levy overrides and bonds issues on local ballots.

According to Chalkbeat, there are 44 school districts asking their local taxpayers to approve MLOs, bond issues, or both this year. That’s about 25 percent of the 178 school districts in the state. But even more impressive is the number attached to all those requests: $4.4 billion. Egads! Continue Reading »

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