At the November 2020 election, Colorado voters approved Amendment B, a constitutional ballot measure which repealed a key formula that has controlled the state’s property tax system for almost 40 years.
If you live in Denver, your sales taxes are set to increase on January 1st. $40,000,000 will be to fund yet to be identified projects to address climate change and emission reductions.
Monthly revenue estimates suggest differing impacts on sales tax revenue across Colorado cities.
This November, Colorado voters will be asked to approve or reject a proposed reform of the state’s property tax system through a repeal of the Gallagher Amendment of 1982.
This November, voters in Colorado will have the opportunity to vote on Proposition 116, a state income tax reduction, which would decrease Colorado’s income tax rate from 4.63% to 4.55%.
Under the Colorado Constitution, the creation of new taxes or the raising of existing taxes must be voted on by the people of Colorado.