The X post by @logiclives criticizes Denver Public Schools for issuing nearly $1 billion in Certificates of Participation (COPs), with $850 million in principal outstanding, to fund projects without voter approval. This tactic, also used by the state government, circumvents Colorado's Taxpayer's Bill of Rights (TABOR) by treating the obligations as leases rather than debt, leaving Denver taxpayers on the hook for about $2,000 per person. The post warns that Democrats are exploiting this loophole to enable unchecked spending and urges resistance to any efforts to weaken TABOR.
This is yet another glaring example of how left-wing politicians in Colorado are trampling on taxpayer rights to fuel their endless appetite for big government spending. Denver Public Schools' sneaky use of Certificates of Participation—essentially backdoor bonds totaling nearly a billion dollars—lets bureaucrats rack up massive debt without ever asking voters for permission. It's a direct assault on TABOR, the gold standard for fiscal responsibility that conservatives fought hard to enshrine in our state constitution to prevent exactly this kind of reckless overreach.
Think about it: $850 million in outstanding principal, hitting every Denver resident with a $2,000 bill they never signed off on. And this isn't just schools—Democrat-controlled state government pulls the same stunt, renaming debt as "leases" to skirt the rules and keep the cash flowing to their pet projects. If we let them dismantle TABOR, it'll be open season on our wallets: higher taxes, more waste, and zero accountability.
Conservatives know the real solution isn't more revenue for bloated bureaucracies—it's cutting wasteful spending, enforcing voter oversight, and holding these officials accountable at the ballot box. Time to vote out the spendthrift Democrats and restore true fiscal conservatism in Colorado. No more loopholes, no more excuses—protect TABOR, protect taxpayers!