By Ed Sealover | The Sum & Substance
A new version of the tax-cut bill at the heart of the special legislative session seeks to further limit property-tax revenue growth — a provision producing angst around what proponents are touting as a compromise solution that could head off a costly ballot battle.
Colorado legislators will gavel into session again at 10 a.m. Monday at the request of Gov. Jared Polis to consider a brokered deal designed to stop two property-tax-cut initiatives that could cut billions of dollars in state and local funding from going to the ballot. Instead, the Democratic governor is asking legislators to pass a bipartisan bill that will expand a recently passed $1.3 billion property-tax cut to roughly $1.6 billion and will, if signed into law, commit proponents of Initiatives 50 and 108 to pulling down their efforts from the November ballot and not introduce similar measures again in the future.