The legislature passed a bill in 2021 allowing Coloradans to defer payment on any increase in their property tax bill over 4% by making it a lien against their home
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Posted inElection 2022, News, Politics and Government
Heidi Ganahl wants to eliminate Colorado’s income tax, which accounts for about a third of the state’s budget
Heidi Ganahl, the Republican gubernatorial nominee, is campaigning on a bold promise to eliminate Colorado’s 4.55% individual income tax, the largest source of revenue for the state’s general fund, during her first four-year term. “I will take us to zero income tax,” she told Republican voters during a candidate forum in April. But Ganahl, a […]
Posted inNews
Colorado governor, lawmakers unveil plan to slash property taxes by $700M to head off business group’s ballot measure
Colorado property owners would get a $700 million break on their rising tax bills over the next two years under a plan unveiled Monday by Gov. Jared Polis and state lawmakers that’s aimed at preventing a business group from pursuing an even larger reduction in November. The legislature, in a deal reached in the final […]
Posted inBusiness, Economy, Education, News, Politics and Government
Debate over wording of 2022 ballot measure could have multibillion-dollar consequences for Colorado schools
A wonky battle playing out over the language in a potential 2022 ballot measure could have multibillion-dollar consequences for property owners and school- and local-district funding across Colorado. The state’s Title Board, which is housed in the Colorado Secretary of State’s Office and decides how ballot measures are worded, has ruled that a business-backed 2022 […]
Posted inBusiness, News, Politics and Government
Here’s how much money Colorado’s new nicotine, increased cigarette taxes generated in their first 5 months
A new nicotine tax and an increased tax on cigarettes and other tobacco products in Colorado generated more than $34 million in their first five months, according to a data analysis by The Colorado Sun. Proposition EE, which was passed by voters in November, went into effect in January, raising the taxes on a pack […]
Posted inNews
5 big tax bills Colorado lawmakers passed this year that will affect your wallet
Colorado’s Taxpayer’s Bill of Rights keeps lawmakers from raising taxes without voter approval. But it still allows for some changes to the state tax code without going to the ballot. Democrats and some Republicans in the legislature this year significantly altered property tax rates, tax loopholes and tax credits that will affect the wallets of […]
Posted inBusiness, Economy, News, Politics and Government
4 charts explaining Colorado’s sharply improving economy, even as low-income workers lag behind
With coronavirus vaccinations picking up pace and a $1.9 trillion federal relief package approved, Colorado’s economy continues to perform dramatically better than what the state’s economists predicted when COVID-19 arrived last year. That’s according to two financial forecasts presented to state lawmakers Friday by nonpartisan legislative staffers and Gov. Jared Polis’ office. The legislature will […]
Posted inBusiness, COVID, Economy, News
Online sales boom poses challenges for Colorado tax forecasting — and for brick-and-mortar retailers
For the past several years, business at Oveja Negra in Salida has grown a healthy 15-20% a year. In 2020, Lane and Monty Willson said sales of their custom-designed bike bags tripled. And all those orders from bikepackers were made online. “We are so, so lucky to be in this position, but there are major […]
Posted inEducation, Election 2020, Health, News, Politics and Government
Proposition EE will raise taxes on tobacco products in Colorado — with one very big exception
When Coloradans fill out their ballots over the next three weeks and vote on Proposition EE, they will decide whether to significantly raise taxes on cigarettes and other tobacco and nicotine products. That is, with one big exception. The ballot question, if passed, would actually reduce the taxes — at least for the next six […]
Posted inBusiness, News, Politics and Government
Judge dismisses lawsuit seeking to hold up blue book printing over Gallagher Amendment language
A Denver District Court judge on Friday morning dismissed a lawsuit attempting to delay printing of the state-issued voter guide because of changes state lawmakers made to language describing the question on the November ballot seeking to repeal the Gallagher Amendment. Judge Martin F. Egelhoff declined to issue a temporary restraining order that would have prevented the […]