By Deborah Grigsby | Colorado Politics
A panel of Colorado lawmakers tasked with crafting long-term property tax policy is meeting on Monday, potentially laying down the groundwork for a special session amid speculation that parties are negotiating a potential compromise that would pull two initiatives from the November ballot in exchange for deeper reductions to people’s tax liabilities.
The agenda posted on the state’s legislative website stated that the 19-member Commission on Property Tax will convene to discuss potential changes to legislation that Democrats and Republicans passed just this last session. That measure, the product of a deal reached by Democrats and Republicans, reduced commercial property tax assessment rates and decreased property valuations.
The property tax commission had played a key role in passing that legislation, which critics said failed to provide sufficient relief against soaring taxes.