Colorado lawmakers reach last-minute bipartisan property tax deal that averts cuts to K-12 funding
By Jesse Paul and Brian Eason | The Colorado Sun
Colorado’s property tax code would be reimagined — with long-term rate cuts for homeowners and businesses and a local revenue cap — under a fiercely negotiated, last-minute bipartisan bill introduced in the legislature Monday that aims to provide tax relief while protecting funding for K-12 schools.
The measure, Senate Bill 233, comes with just three days left in Colorado’s 2024 legislative session — the minimum amount of time needed to pass a bill. And it was the product of negotiations with Colorado Concern, a nonprofit representing CEOs in the state that was working on a plan to ask voters on the November ballot for an even bigger property tax break.
Lawmakers, Gov. Jared Polis’ office and interest groups we...
