08/31/2010 05:12 am ET Updated May 25, 2011

Lionel Rivera, Colorado Springs Mayor, Wants a Time-Out From TABOR

Colorado Springs Mayor Lionel Rivera called Wednesday for a three-year timeout from the part of the Taxpayer's Bill of Rights that limits how much tax money the city of Colorado Springs can spend as the economy recovers.

Rivera wants a measure on the November ballot that would allow the city to retain what TABOR calls surplus revenue for the city's 2010-2012 budgets, if there's a surplus in 2010.

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