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Colorado lawmakers vote to refer ballot question that would use TABOR refund money to fund K-12 schools

The measure would let the state keep up to $4.6 billion in TABOR refunds to boost K-12 funding and help close a $3.5 billion gap.

A question headed to the November ballot will ask Colorado residents to give up money from their Taxpayer’s Bill of Rights refunds in order to increase funding for K-12 schools, after lawmakers passed a bill Tuesday that refers a ballot measure to voters. Sponsored by Democratic lawmakers, Senate Bill 135 will leave it up to voters whether the state can retain and spend up to $4.6 billion more in tax money than the existing TABOR cap allows each…

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Sky Hi News broke the news on Thursday, May 14, 2026.
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