Monday, February 17, 2025
spot_imgspot_img

Top 5 This Week

spot_imgspot_img

Related Posts

Jared Polis Contemplates Special Session to Prevent Property Tax Proposals


Colorado policymakers are facing increasing pressure to hold a special session on property taxes for the second time in less than a year. The potential special session aims to cut taxes further and prevent two ballot initiatives that opponents warn could have disastrous effects on government budgets and services.

Discussions are ongoing between lawmakers and the backers of the property tax initiatives, with many advocating for a compromise. The mayors of Denver, Colorado Springs, and Aurora, as well as various advocacy groups, are urging for action to avoid the negative impact of the ballot measures.

A special commission tasked with making recommendations on state property tax policy is considering further rate cuts beyond those implemented in May. However, concerns remain about the lack of guarantees from the sponsors of the initiatives for long-lasting solutions.

Governor Jared Polis has the power to call a special session, which may be necessary to address the looming issue before the September 6 deadline for withdrawing ballot initiatives. The proposed property tax cuts could result in billions of dollars in lower collections but have the potential to prevent significant budget cuts to essential services.

The pressure is mounting for lawmakers to reconvene and reach a deal to avoid the potentially harmful effects of the ballot initiatives. Various groups are advocating for a special session to secure the future of property taxes in Colorado while protecting funding for schools and vital local services. The situation remains fluid as discussions continue to find a resolution to the property tax debate.

Source
Photo credit www.denverpost.com

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Popular Articles