Voters from the State of Colorado, home of America's most restrictive limit on state spending, went to the polls Nov. 1, 2005 to decide the fate of Referendum C - a measure intended to allow a temporary time-out from the state's constitutionally imposed spending cap, known as the Taxpayers Bill of Rights or TABOR. If passed, TABOR's spending limit (equal to inflation plus population growth) would be suspended for five years and would allow state lawmakers to spend an estimated 3.7 billion dollars that would have otherwise been refunded to taxpayers. The extra revenue would be used for education, health care, and transportation needs, as well as for pension plans for police officers and firefighters.
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