The big increase was expected after the legislature passed a bill in 2022 limiting the number of free bets that sports betting operators could offer starting Jan. 1, 2023
Cartoonist Jim Morrissey conjures the image of Colorado’s massive property tax increases pricing homeowners out of Colorado (and planet Earth).
Ahead of the 2022 election, Jared Polis and Democrats in the legislature sped up TABOR refund checks and made them flat. This year, they’re reverting to a default system.
House Bill 1290 would refer a question to the November ballot requesting that the extra money collected through Proposition EE be transferred to Colorado’s new universal preschool program and the legislature’s general fund
Gov. Jared Polis and Democrats, who control the Capitol, say they are committed to coming up with a long-term fix this year. But with the 2023 legislative session more than halfway over and no public proposal, fiscal policy nonprofits are filling the vacuum.
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
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
A proposed ballot initiative for 2023 would impose a fee on all real estate deals 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
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.