2015 TABOR Surplus

What is TABOR?


The Taxpayers Bill of Rights (TABOR) is part of the Colorado Constitution (Article X). It has a provision that imposes revenue restrictions on state and local governments. Voters may lift this provision and have done so in more than 87 percent of municipalities in Colorado. 

These revenue restrictions remain in place in Castle Rock. When revenues exceed TABOR limits in any given year, the Town has two choices:

  1. Refund the money in some manner
  2. Ask voters to keep and spend the money on local services (up to a year retroactively)

2015 TABOR surplus


The Town ended 2015 with a $714,580 TABOR surplus. Various factors contributed to the surplus, including strong sales tax growth and contributions for the construction of the North Meadows Extension and Philip S. Miller Park

As a result, Town Council had to decide whether to:
  • Ask voters to lift TABOR revenue restrictions and allow the Town to retain the more than $700,000 from 2015 or
  • Issue refunds back to taxpayers
Per Ordinance 2016-020, the following question appeared on the Nov. 8 General Election ballot:

SHALL THE TOWN OF CASTLE ROCK BE PERMITTED TO RETAIN AND EXPEND UP TO $714,580 OF EXCESS 2015 REVENUE FOR POLICE, FIRE, EMERGENCY MEDICAL SERVICES, AND TRANSPORTATION PURPOSES AS A VOTER APPROVED REVENUE CHANGE UNDER ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION (TABOR)?

Unofficial results for the election were as follows:

YES/FOR: 22,210 (69.63 percent)
NO/AGAINST:   9,687 (30.37 percent)

Because a majority of voters said yes to the question, the Town will retain and expend the funds as approved.

Public input

Thank you to the numerous residents who provided feedback for Town Council on this topic during May and June. View the feedback Council received.
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