May 03

Objectors unsuccessful at blocking property tax cuts at Title Board

The Title Board reconsidered its ballot titles for three property tax reduction proposals at its April 30, 2021 meeting.

Opponents were unsuccessful at derailing three ballot initiatives that would cost local governments more than $1 billion in property tax revenue as the Title Board on Friday stuck by its original decision to award a ballot title to the measures.

On April 21, the three-member board concluded Initiatives #26-28 contained a single subject, as the state constitution requires, and consequently set a title that would appear before voters. But objectors Carol Hedges and Scott Wasserman challenged the board’s finding, trigging a rehearing at the Title Board’s final meeting to screen proposals for the 2021 statewide ballot.

As introduced, the initiatives would all reduce the residential property tax assessment rate from 7.15% to 6.5% and cut the assessment rate for all other property from 29% to 26.4%. Nonpartisan fiscal analysts estimated the tax cut would constitute a $1.03 billion hit to local governments, affecting services such as K-12 education and police. Because Colorado’s school financing scheme requires the state to backfill funding for local districts, there would be an extra $258 million in additional state spending each year.

Partially offsetting the sizeable loss in local government revenue would be $25 million that the state could temporarily direct toward localities — if excess income exists that normally would be refunded under the Taxpayer Bill of Rights. The three proposed initiatives would funnel the money toward fire protection, toward reimbursements for the senior homestead tax exemption, toward general relief.

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Apr 26

Conservative advocacy groups look to cut Colorado’s gas tax rate

 

FILE - Colorado gasoline pumps
An attendant walks past the empty gasoline pumps at Shell station down the canyon from where casinos have been closed to the public in the state’s efforts to fend off the spread of coronavirus Tuesday, March 17, 2020, in Black Hawk, Colo.

(The Center Square) – Two of Colorado’s most influential conservative advocacy groups say they will join forces on ballot measure language to reduce the state’s gas tax in 2022.

Americans for Prosperity-Colorado (AFP-CO) and Colorado Rising State Action announced the plan in a statement on Monday in response to a Democratic-backed proposal to hike fees on gasoline to fund the state’s transportation system.

The $3.9 billion fee proposal, which hasn’t been formally introduced in the General Assembly yet, would include fee increases on regular gas, diesel gas, electric vehicle registrations, ride-shares, and online retail deliveries.

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Apr 16

2021 Colorado Legislature: Bigger Government, Smaller Us

By Christine Burtt, TABOR Foundation Board Member
4/13/2021

 

There are several onerous pieces of legislation in Colorado this year that will negatively impact your standard of living, if not your way of life.

Here are three notable examples.

 

  • HB21-1083, the so-called “Don’t dare to challenge the government’s valuation on your home” bill, was designed to create a chilling effect on homeowners questioning the assessment that calculates their property tax.

 

The bill, which has been signed into law by Governor Polis, was initiated by the Colorado Assessors. It changes existing law that prevented a county assessor from raising taxes on a property if the homeowner challenged an assessment. The previous law gave homeowners an appeals process if they believed their property had been assessed at a value higher than was warranted.

, with the new law, if you challenge the valuation set by the county assessor, the assessor may keep the valuation as stated, or may even increase your property tax. It won’t go down. Continue reading

Mar 18

Here are the new gas and road-usage fees behind Colorado Democrats’ $4 billion transportation plan

The new fees would start in July 2022 to pay for infrastructure projects, efforts to improve air quality and public transportation initiatives

With Pikes Peak looming in the distance, traffic flows along Federal Boulevard in Westminster on May 13, 2020. (Andy Colwell, Special to The Colorado Sun)

Colorado drivers would begin paying a new fee of 2 cents on every gallon of gas they purchase starting in July 2022 under legislation Democratic state lawmakers are expected to introduce in the coming weeks.

That fee, which would not require voter approval, would increase to 8 cents per gallon starting in July 2028 under the proposal, which is part of a $4 billion, 11-year effort to raise and spend money for badly needed transportation projects across the state.

Lawmakers, political groups and business interests have been trying for years, without much luck, to find a transportation funding solution. The proposal, which includes a number of other new road-usage fees, is backed by Gov. Jared Polis and also aims to reduce traffic congestion on Colorado’s roads, expand public transportation and improve air quality by making it easier for people to own electric vehicles and spending millions on environmental initiatives.

“We think this is the time that we absolutely have to get something done and something meaningful,” said Senate Majority Leader Steve Fenberg, a Boulder Democrat. “Not a baby step, but a real meaningful step toward solving the transportation problems that we have in our state.”

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Mar 16

Denver, Colorado Sales Taxes Increased Without Voter Consent

Denver’s 2021 budget reveals that the city expects to collect $14 million in new sales tax revenues this year by taking advantage of a 2018 United States Supreme Court ruling for the first time. The State of Colorado began collecting new sales tax revenues under the same scheme in 2019.

These tax increases have come without voter consent, raising the question of whether sales tax rates should be lowered to offset the increases.

Key Takeaways

  • A 2018 U.S. Supreme Court ruling allows states and local governments to mandate that out-of-state retailers collect sales taxes from residents when selling online.
  • Denver and the State of Colorado have both created a substantial tax windfalls for themselves after promulgating new tax rules to take advantage of the ruling.
  • The state brought in $80 million in new sales tax revenue in FY 2019-20 as a result of the new rules. Denver projects a $14 million increase in sales tax revenue this year as a result of its changes.
  • Both Denver and the state skirted TABOR. The burden of the new taxes falls on residents, but the changes did not appear on the ballot for voter approval.
  • The new rules effected a tax revenue increase by expanding the sales tax base. Denver should consider offsetting this base increase by decreasing its sales tax rate.

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Mar 12

Colorado’s Competitiveness: The Challenge of Economic Recovery Under More than $1.8 Billion in New Regulations, Taxes and Fees

Prior to 2020 and the global economic and cultural upheaval caused by the COVID-19 pandemic, Colorado stood out for having strong economic growth and offering a desirable lifestyle. Coloradans had created the #1 state economy and enjoyed competitive advantages in attracting business growth and an educated workforce. In fact, in late 2019, US News World Report ranked Colorado’s business climate as one of the best in the nation.

However, after two periods of negative economic shocks in 2020, in both late spring and through the holidays, the state of business in Colorado remains under duress.

  • There were 150,000 fewer jobs in Colorado in December 2020 relative to the start of the years, representing a 5.4% cut.[i] While the statewide reduction is significant, it masks the disproportionate impacts across industries, as the leisure and hospitality industry was down 90,900 jobs by end of 2020, whereas professional and business services was up 7,100 jobs.[ii]
  • State taxable sales were down $8.9B, or -1.35%, in 2020 relative to 2019.[iii] Small business suffered, especially. As of February 10th, small business revenue was down 29.5% from January 2020 levels.[iv]
  • Colorado’s unemployment rate increased by the 2nd-most among all states, from 2.5% to 8.5%. The Colorado state unemployment ranking went from near first (4th) to almost last (48th).[v]

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Mar 05

Fee-funded water enterprise will now go to voters if passed by legislature

 

A new enterprise fund proposed by Republican Sen. Don Coram will go to the voters if it makes it way out of the state legislature.

The bill, that would provide financing to water providers for myriad things, lacked support by some who would otherwise embrace an idea for more revenue to fund water storage in Colorado.

The biggest issue with Senate Bill 21-034, brought by the southwestern Colorado senator, was it proposes a new enterprise fund, funded by a new fee on water that detractors saw as being in conflict with the Taxpayer’s Bill of Rights (TABOR) if it did not go to the public for a vote.

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Feb 23

Americans for Prosperity: Poll finds little support for paying more for gas

The legislature could pass a fee of some sort, but lawmakers would have to refer a tax hike to the ballot, because of the state’s Taxpayer’s Bill of Rights.
 
#TABOR
#ItsYourMoneyNotTheirs
#ThankGodForTABOR
#VoteOnTaxesAndFees
#TABOROn
 
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Feb 09

Mallory: Beware end-run around voters on gas tax hike

Now, on ly a little over two months later, those politicians are cooking up a new plan to create an end run around TABOR that would cost the state’s drivers millions.

The lack of respect for the people who elected them is breathtaking.

Proposals for what supporters are calling a “gas fee” — it’s an increase in the gas tax, don’t be fooled — would be a blatant violation of TABOR, and particularly insulting in light of the expansion of taxpayer protections approved in November and votes to reject two other road-funding proposals in 2018.


The message this sends to every Coloradan who voted to strengthen TABOR and to oppose the 2018 initiatives is that the politicians in Denver don’t seem to care what you say, no matter how often you say it. So we’ll just have to say it again, even louder.
for what supporters are calling a “gas fee” — it’s an increase in the gas tax, don’t be fooled — would be a blatant violation of TABOR, and particularly insulting in light of the expansion of taxpayer protections approved in November and votes to reject two other road-funding proposals in 2018.

If the message sent by politicians is “we don’t care what you think,” our message to them has been and continues to be, “stop wasting our money, set priorities, and make better use of the money we are already sending you.”

This new fee — whose cost has yet to be determined — would be in addition to the state’s 22-cents per gallon gas tax (which is in addition to the federal 18.4 cents per gallon tax).

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