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Utilities customers to get TABOR refund


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Electric customers of Colorado Springs Utilities will see a credit on their September billings, which comes from the city's refund of $2,638,264 from the general fund and $198,658 from the Lodgers and Automobile Rental Tax. That makes the total to be refunded $2,836,922 due to excess revenue under the Taxpayer's Bill of Rights, which limits the amount of revenue governments can keep from year to year. In April, voters allowed the city to keep $6 million in 2016 revenues, and another $6 million in 2017 revenues, in excess of TABOR caps to fund stormwater projects. The $2.8 million is above that amount for 2016.

Utilities has 221,796 customers, meaning the refund translates to $12.79 per customer.


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