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Posted inPolitics and Government, Transportation

Amid budget crunch, Colorado nets much-needed windfall for road projects with strong debt sale

For once, some good budget news. Colorado received a $111 million premium on a debt issuance of $500 million, thanks to strong investor demand for state-issued debt. As a result, budget writers say that $100 million in planned cuts to the Colorado Department of Transportation over the next two years — and some additional cuts […]

Posted inBusiness, Politics and Government

Gallagher led to $35 billion in residential property tax cuts. Now Colorado lawmakers want voters to repeal it.

In a desperate attempt to stave off further budget calamity, state lawmakers are fast-tracking a landmark ballot measure that would ask voters to repeal the Gallagher Amendment — the property tax-limiting constitutional provision that has provided an estimated $35 billion in tax relief to Colorado homeowners since 1983. The bipartisan proposal — which requires a […]

Posted inBusiness, Politics and Government

To balance budget, Colorado lawmakers add to PERA’s long-term debt and backtrack from landmark deal

Just two years after Colorado approved sweeping pension reforms aimed at wiping out what was then an unfunded $32 billion debt to public sector retirees, state budget writers — facing a financial catastrophe of their own — have temporarily undone a portion of the landmark rescue package. The Joint Budget Committee tentatively decided to eliminate […]

Posted inBusiness, COVID, News, Politics and Government

Coronavirus may trigger the second-largest property tax cut in Colorado history, further crippling local budgets

At a moment when state and local governments are already drowning in red ink, Colorado’s constitution is now projected to trigger the second-largest residential property tax cut in modern history. Under forecasts presented Tuesday, Colorado lawmakers could be asked to cut residential property taxes by nearly 18% in 2021 to comply with a tax-limiting constitutional […]

Posted inBusiness, Energy, Environment, Politics and Government

Colorado scrutinizes oil and gas tax breaks as severance taxes drop and the state budget gets tight

This year, an oil and gas tax break is expected to grow so large — and gas prices drop so low — that many of Colorado’s oil wells would owe the state $0 in severance taxes. Consider it the $308 million elephant in the room as Colorado lawmakers reassess the state’s crumbling fiscal picture amid […]

Posted inBusiness, Crime and Courts, Energy, Environment, News, Outdoors, Politics and Government

Colorado issues, like fracking and marijuana, divide the Democratic candidates for president

The race for the Democratic presidential nomination focuses on the big issues: health care, education, climate change — and who is best positioned to take on President Donald Trump in November. Ahead of the March 3 primary, Colorado voters also will weigh the candidates’ views on the issues that are uniquely important here: public lands, […]

Posted inBusiness, Politics and Government

The tax fight continues in Colorado as liberal group files 35 more ideas for the 2020 ballot

If the fight over Colorado tax policy were a sporting event, half the stadium might have emptied out by now.  With the November defeat of Proposition CC, the score has become so lopsided in favor of fiscal conservatives, the outcome of any given skirmish over the Taxpayer’s Bill of Rights is starting to feel like […]