September 30, 2022

Rocky Daily News

Colorado Politics-Sports-Business-Weather

COLORADO CASHBACK CHECKS: How much will sending out TABOR checks early cost taxpayers?

1 min read

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DENVER (KDVR) — Gov. Jared Polis and Democrats in the legislature passed a law earlier this year to send taxpayer refunds early instead of in spring 2023. But how much will that process cost the state?

According to the expenditures portion of the bill, it will cost the state more than $2.7 million to send out the checks early.

A spokesperson for the Department of Revenue said the total amount generally covers the cost of sending out the checks through mail and standing up a call center with customer support.

When asked how much more expensive this process is, rather than waiting until next spring to send Colorado taxpayers a refund, a spokesperson for the Department of Revenue said, “Any refund…

Alex Rose

2022-08-04 15:53:50

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