A statewide audit found a $67 million mistake in TABOR refunds. Now, the state must decide how to give millions back to taxpayers.

Colorado's income tax rate is expected to drop for 2024 to 4.25% from 4.4%. The state sales tax rate will drop, too.

State lawmakers are trying to figure out how to close a $67 million shortfall in the state budget, even as the governor passes a new budget. The shortfall stemmed from a mistake by the Health Insurance Affordability Enterprise.

Democratic state lawmakers struck a deal with Gov. Jared Polis earlier this week that could make big changes to how TABOR, or the Taxpayer Bill of Rights, is managed. The agreement protects two pending bills that would create a new tax write-off for families and expand the state credit for low-income earners.

Colorado taxpayers may get some extra money going forward provided lawmakers succeed in their plans to redirect more TABOR refunds to lower-income f

Bipartisan lawmakers propose a revamp of Colorado's Taxpayer's Bill of Rights, reducing income and sales tax rates when certain conditions are met.

The error was revealed in an audit released in February. Yo-yo temperature trends continue as fronts keep moving across eastern Colorado. FOX21 Storm Team latest forecast - Wednesday May 1st. Unsettled weather for portions of the viewing area heading into Thursday. Otherwise temperatures will be rather mild for this time of year.

Colorado lawmakers convened Wednesday with one week left in this year’s session of the General Assembly, giving them limited time to pass final bills on land-use reform, gun regulation, property tax relief,

According to an April 26 memo from JBC analysis, Eric Kurtz, the state controller, treated the premium taxes transferred to the fund as exempt from TABOR. However, the state auditor and the Attorney General recently agreed that the money should have counted as TABOR revenue and would count toward TABOR surplus calculations.