Coloradans Vote to Give Up Tax Refunds

Published: November 2, 2005

DENVER, Nov. 1 (AP) - Colorado voters agreed Tuesday to give up $3.7 billion in tax refunds over the next five years to allow the state to bounce back from a recession, ignoring the arguments of fiscal conservatives who say the government does not need more money to spend.

With 83 percent of the expected vote counted statewide, 463,841 voters, or 53 percent, had approved the plan, compared with 419,236 , or 47 percent, who voted against it.Supporters said Colorado could not afford to vote no, not with higher education, health care and transportation already suffering from millions of dollars in budget cuts.