What is the focus of Colorado's TABOR amendment?

The focus of Colorado's TABOR (Taxpayer's Bill of Rights) amendment is to limit government revenue and expenditure growth. Implemented in 1992, TABOR establishes a framework that restricts the amount of tax revenue the state can collect and spend. Specifically, it ties the growth of government revenue to inflation plus population growth, which means that any revenue collected beyond this limit must be returned to taxpayers as refunds. This amendment is designed to provide citizens with more control over taxation and government spending, ensuring that government does not overextend its financial reach.

Other options do not capture the essence of TABOR's intent. While limiting the power of the Governor might be a consideration in some governance frameworks, TABOR specifically addresses taxpayer rights and fiscal limits. Increasing funding for education and regulating the oil and gas industries are both pertinent issues within state policy, but they do not align with the foundational purpose of TABOR, which centers around the restrictions on fiscal growth and ensuring taxpayer protection from excessive taxation.