A Surplus Grows in Colorado
Colorado ended the 2002-03 fiscal year with a $77 million revenue surplus, reports today's Rocky Mountain News. Colorado has a law called the Taxpayers Bill of Rights that requires surplus revenue above a certain level to be returned to taxpayers via rebates or tax cuts. Tennessee, which also ran a revenue surplus last year, has no such law. You can read more about the Taxpayers Bill of Rights here.
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