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Tag: Colorado Tax Policy

Colorado’s budget keeps growing. Florida just cut spending again
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Complete Colorado, Approved, Commentary, State

Colorado’s budget keeps growing. Florida just cut spending again

By Nash Herman | Commentary, Complete Colorado While Colorado’s majority Democrats lament the state’s persistent budget challenges, Florida’s Republican majority just celebrated reducing spending for a second consecutive year in another business-as-usual state budget.  Colorado legislators have plenty of lessons they could learn from Florida, instead, they are more likely to double down on more tax and spend, economy-wrecking policies.  How the states compare  Governor Jared Polis recently signed a $46.8 billion state budget, an almost 7 percent increase over last year’s $43.9 billion in spending, this despite legislators’ constant catastrophizing about Colorado’s “budget shortfall.”  That amounts to approximately $7,800 for every Color...
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Property taxes up, TABOR refunds nearly gone: El Paso County data reveals the real cost of Colorado’s tax system
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Rocky Mountain Voice, State, Top Stories

Property taxes up, TABOR refunds nearly gone: El Paso County data reveals the real cost of Colorado’s tax system

By Shaina Cole | Contributing Writer, Rocky Mountain Voice The first-half property tax payment is due every year by the end of February. The number on the front has gone up again. Somewhere near the bottom, a small credit appears: "TABOR credit."  El Paso County Assessor Mark Flutcher provided RMV with six years of certified tax data for two El Paso County properties: one in downtown Colorado Springs, one in Lorson Ranch, a newer subdivision south of the city.  The numbers show what has happened to Colorado homeowners.  The property tax bill for the downtown home rose from $1,165.61 in 2022 to $1,472.82 in 2025. The Lorson Ranch bill went from $3,369.39 to $4,933.31 over the same period.  The TABOR credit on both statements, which peaked a...
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Why Ditching the Flat Tax Would Be Colorado’s Biggest Mistake
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Complete Colorado, Approved, Commentary, State

Why Ditching the Flat Tax Would Be Colorado’s Biggest Mistake

By Jake Fogleman | Commentary, Complete Colorado The battle over Colorado’s future tax system has officially begun, and the stakes for families, businesses, and the state’s economy couldn’t be higher. Backed by a coalition of advocacy groups that consistently push for higher taxes as the solution to Colorado’s challenges, the Bell Policy Center submitted proposed language for the 2026 ballot that would overturn nearly four decades of sensible tax policy by abandoning Colorado’s flat-rate income tax and adopting a graduated tax system. Under their proposals, Colorado taxpayers would be forced to confront a new five-bracket tax system with marginal rates up to 9.5 percent, among the highest in the country. The proponents claim it’s about fairness, equity, and making t...
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Progressive tax proposal targets Colorado employers while 3.5% already pay most corporate taxes
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Colorado Accountability Project, Approved, Commentary, State

Progressive tax proposal targets Colorado employers while 3.5% already pay most corporate taxes

By Cory Gaines | Commentary, Colorado Accountability Project The progressive tax scheme and Colorado Business Your 2026 ballot may have a proposal on it to change Colorado’s current flat tax to graduated (aka progressive) income tax rate. That means when you earn more, you pay a higher percentage of tax.The actual ballot proposal is linked first below. I am not aware of it hitting the Secretary of State’s tracker page yet, but I know it’s on the legislature’s and that is what the link is for.This would, quoting the press release pushed by the groups supporting this measure (linked second below), “... lower taxes for 98 percent of Coloradans, while raising taxes on individuals and corporations making more than $500,000 a year.”At a later point, that same press release says the fol...
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Colorado Lawmakers Reject Federal Overtime Exemption Prioritizing Revenue Over Relief
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State, Approved, Axios Denver

Colorado Lawmakers Reject Federal Overtime Exemption Prioritizing Revenue Over Relief

By John Frank | AXIOS President Trump's "big, beautiful bill" would make some overtime pay exempt from federal income taxes. Yes, but: Colorado won't do the same. State of play: State lawmakers tucked a little-noticed provision into a lengthy tax bill earlier this year to decouple from federal law when it comes to overtime pay, starting in 2027. This means you'll have to pay Colorado's 4.4% income tax on overtime wages, state legislative analysts confirmed, even with a federal exemption. Context: Colorado typically aligns with federal tax law, meaning if there are tax exemptions at the federal level, they would apply to state taxes. In this case, the state decided to break from federal law if the spending bill passes. What they're saying: Rep. Lorena Garc...
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