Editor's Report.

By Hol Wagner

Because Colorado voters approved Referendum C but not Referendum D, there will be a fight -- quite probably a bitter one -- in the 2006 Legislature. In passing Referendum C, voters have allowed the state to keep -- and spend -- an estimated $3.7 billion in collected taxes over the next five years that would otherwise have been refunded to residents. But in narrowly defeating Referendum D, they have nixed the sale of up to $1.2 billion in bonds which would have been backed by the tax revenues kept under Ref C and used to fund a variety of programs, but primarily highway construction and improvement, capital construction for higher education, and pensions …