Anticipating the outcomes of Colorado’s special session on property taxes | Government

Lawmakers are gearing up for a special session to address property tax issues as a compromise deal hangs in the balance. Some legislators are pushing for additional bills that could derail the compromise, while political pressures are mounting from residents and policymakers. The upcoming session is expected to last at least three days, with potential extensions depending on the number of bills introduced. The deal, sponsored by both Democrats and Republicans, aims to reduce property taxes by $1.3 billion and includes provisions to cut commercial and residential property tax rates. Negotiations have continued over the summer, with the goal of providing certainty to local governments and avoiding complications. However, other proposals being considered, such as a resolution to ban statewide initiatives on property taxes, could jeopardize the deal. Concerns have been raised about the impact on K-12 funding if the compromise is not implemented. Advocates for education funding are urging lawmakers to prioritize the deal and avoid any actions that could reverse progress made in recent years. The special session will be a critical moment to determine the fate of property tax relief in Colorado.

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