Colorado › Proposition — TABOR Revenue Retention

Proposition — TABOR Revenue Retention

Keep Excess Tax Revenue for Schools

Colorado · November 3, 2026

What this measure does

Colorado's Taxpayer's Bill of Rights (TABOR) limits how much tax revenue the state can keep. When revenue exceeds the cap, the state must refund the excess to taxpayers. This type of measure — asking voters to let the state keep that excess money for specific purposes like education or transportation — appears on Colorado's ballot in nearly every even-numbered year.

A yes vote means The state gets to keep the excess tax revenue and spend it on schools rather than refunding it to taxpayers.

A no vote means The state must refund the excess tax revenue to taxpayers as required by the existing TABOR law.

Simple explanation

Colorado has a rule that limits how much tax money the state can keep each year. When the state collects more tax money than that limit allows, it has to give the extra money back to taxpayers. This measure asks: 'Can we skip the refund this time and use that extra money for schools instead?'