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property tax increasesthedenverpost
•80% Informative
House Bill 1001 builds off a tax package signed in May that lowered assessment rates and capped how much property tax revenue collected by local governments and districts could grow.
The new measure adds about $254 million in cuts to the $1.3 billion in reductions passed in the spring .
Gov. Jared Polis says he expects to sign the bill into law next week .
Advance Colorado , as part of the deal, has promised not to run any other ballot initiatives around property taxes for at least six years .
Deal was made in writing, though it has no statutory condition locking it in place more rigidly.
Fire chiefs from across the state testified against expected cuts to their budgets resulting from the bill.
VR Score
84
Informative language
84
Neutral language
37
Article tone
informal
Language
English
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52
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Attention-grabbing headline
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Time-value
short-lived
External references
8
Source diversity
2
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