Colorado’s hot property values are triggering tax cuts — and one local college is scrambling to offset the loss
Colorado Mountain College is pushing a ballot question to negate future cuts, but it may not be constitutional
In an unusual ballot measure that walks uncharted constitutional ground, the Colorado Mountain College plans to ask voters in six counties for blanket approval to offset any future property tax cuts triggered by the Gallagher Amendment.
CMC’s board of trustees late last month approved the referred measure, which would give the board permission to raise property taxes any time the state constitution requires a cut to residential property assessments.
The measure won’t erase the cut that Gallagher has already caused: an anticipated $2.78 million this fiscal year for the Glenwood Springs-based institution.
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