The Denver Post editorialized today about the desperate need to fix the broken fiscal system in Colorado. This is what we're all about.
Every solution to every single major problem the state faces is in handcuffs because of the insane fiscal
We have the most complex tax system in the country, that relies heavily on revenue from investment income and sales taxes (perfect for a recession brought on by a meltdown in the financial markets and a crisis in consumer confidence). We have collect among the lowest levels of revenue in the country. We have the most restrictive revenue and spending set up in the country. We have conflicting constitutional and statutory provisions that are simply unsustainable. And we have among the lowest levels of public investment in key areas in the country.
We've said it before, and we'll say it again: Colorado has a Model T fiscal system in a hybrid world.
So, something has to give, right? Someone has to step up and lead, right? There's an answer out there for how to fix this, right?
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