Talks of a special session ramp-up as early 2023 election results show Governor Polis's property tax relief plan going down in flames.
Colorado voters decidedly shut down Proposition HH on Tuesday, a ballot measure intended to mitigate upcoming property tax hikes. Now, if state leaders want to avoid the impending bill increases, they will have to scramble to choose a plan B.
Polis’s spokesperson did not respond to requests for comment on Wednesday about Prop HH’s failure or a potential special session. “Whatever the path forward is after HH, the answer is not massive tax cuts for the wealthiest Coloradans, while the working class gets left out,” HinrichsenOne of the proposals includes making the same broad property tax rate changes as Prop HH — lowering assessment rates to 6.7 percent for residential property and to 27.9 percent for most non-residential property — while using the general fund to backfill lost revenue instead of the TABOR surplus.
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