Marijuana taxes could be returned to Colorado payers

Screen Shot 2014-10-26 at 5.40.45 AMBy John Frank | The Denver Post

Gov. John Hickenlooper is preparing to release his state budget for the next fiscal year on Nov. 3 — the day before Election Day — raising the stakes on whether he will support returning money to taxpayers.

The timing adds a political complication for the Democratic incumbent. For the first time in 15 years, Colorado tax collections are expected to exceed the revenue cap under the state’s Taxpayer’s Bill of Rights, triggering the potential for refunds.

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