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
taxes
Posted inOpinion Columns
Zornio: Why we should tax the rich, instead of eliminating income taxes in Colorado
Gov. Jared Polis wants to eliminate Colorado’s income tax, but as wealth disparities grow it’s not fair to reduce taxes on the state’s top earners
Posted inHousing
Once-in-a-generation tax revenues are flowing into western Colorado coffers. How will communities invest?
A proposed ballot initiative for 2023 would impose a fee on all real estate deals to fund affordable housing
Posted inHousing
Western Slope voters overwhelmingly passed taxes on short-term rentals to fund affordable housing
Colorado’s Western Slope communities could generate about $40 million in new tax revenue from vacation rentals to support affordable housing
Posted inElection 2022
Colorado voters approve ballot measure setting aside nearly $300 million each year for affordable housing
Proposition 123 will set aside up to 0.1% of taxable income each year for affordable housing. That’s estimated to be $145 million in the current fiscal year — which ends June 30, 2023 — and $290 million in 2023-24 and subsequent fiscal years.
Posted inOpinion Columns
Opinion: Denver needs a better plan for fixing its awful sidewalks
Repairs should be paid for the same way street repairs are paid for — with public funds.
Posted inOpinion, Opinion Columns
Zornio: Cut the politics — TABOR isn’t working for Colorado, even if we get a big, fat refund
The Taxpayer’s Bill of Rights has long provoked political tension, and this election year is proving no different, thanks to a larger-than-usual mandatory refund. But once again, politics is getting in the way of healthy policy discussion. So let’s first put in context the politics, and then consider what actually matters. The political games began […]
Posted inBusiness, Economy, News
Colorado’s $1 billion unemployment loan on track to be paid off by November, preventing higher tax on employers
Colorado has paid back 87% of the $1 billion it borrowed from the federal government to provide out-of-work Coloradans unemployment benefits during the pandemic. As of this week, the outstanding balance was $133.1 million. There’s still a way to go to get the depleted unemployment insurance trust fund healthy again. But with Colorado’s strong job […]
Posted inNews, Politics and Government
Rising inflation is on a collision course with Colorado’s TABOR cap. And the state budget is in the middle.
The lawmakers who write Colorado’s budget are preparing to pare back some capital projects in the coming months as they contend with inflation straining a budget capped by the state’s Taxpayer’s Bill of Rights. The TABOR cap, a key component of Colorado’s 1992 constitutional amendment limiting government growth and spending, is calculated by adding together […]
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 […]