At an estimated cost of $220 million per year to Colorado taxpayers, all retired members of state and local public pensions that file Colorado tax return will get a $700 tax credit.
Spoiler alert: they’re all bad ideas.
Because the lease obligation by the government is only one year at a time, COPs can dodge TABOR’s prohibition on multi-year debt obligations, and not require a vote of the people affected.
There are good reasons for Senate District 13 voters to support the recall.
The solution isn’t targeted programs that eventually involve the government in actively encouraging racialist thinking – it’s to increase supply to make housing more affordable for everyone.
The single most important economic story of the moment is inflation. Unfortunately, we know little about its long-term effects on Colorado’s public pensions.
All of these pieces have one aim: to make the progressive Democratic governor look as though he’s not all that progressive—indeed, maybe he’s a moderate or even a liberal with libertarian leanings, who’ll keep the government off your back.
In short, the commissioners have unilaterally rewritten their charter to turn themselves from custodians of the state’s roads, highways and bridges into the state’s centralized urban planners.
In short, the added $73 million from the PERA cash fund and its returns simply aren’t enough to make up for shorting the next two years’ payments
By emptying the cash fund now, Governor Polis eliminates the cushion it provides for years where tax income falls short of expectations, which are likely to coincide with years of lean returns for PERA.
The long-term threats to any defined benefit retirement plan remain the same as they have always been – volatility in returns, increases in lifespan, inflation or deflation.
Colorado Democrats would like you to believe that raising the price of housing increases home affordability.
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