Based on the formula in Taxpayer Bill of Rights (TABOR) laws, the City collected revenue in 2022 above the TABOR limits, or TABOR cap. Approximately $4.7 million of revenue above the TABOR cap will be refunded.
Refund Process & Timing. The City of Colorado Springs has requested that Colorado Springs Utilities, an enterprise of the City, use its billing system to process the TABOR refund of approximately $4.7 million. Active Colorado Springs Utilities electric customer accounts will receive the refund on their March (March 1 – 31) bill.
Learn more at https://coloradosprings.gov/2022TABOR
Refund Process & Timing. The City of Colorado Springs has requested that Colorado Springs Utilities, an enterprise of the City, use its billing system to process the TABOR refund of approximately $4.7 million. Active Colorado Springs Utilities electric customer accounts will receive the refund on their March (March 1 – 31) bill.
Learn more at https://coloradosprings.gov/2022TABOR