On November 5, Colorado shot down Proposition CC which would tip-toe the line between majority permission for fiscal spending and taxation is theft. Earlier this year, the Colorado legislature sent to the citizen voter a proposal to allow the legislature to keep any surplus tax revenue to be spent on transportation or education. In 1992, a Taxpayer Bill Of Rights was passed. This is a Colorado constitutional amendment which,
requires that voters approve all tax increases and doesn’t allow government spending to grow faster than population and inflation.