Help us fill the food banks and pantries in our community with an online or nonperishable food donation in our 9Cares spring food drive.
DENVER — Gov. Jared Polis and economist Arthur Laffer will face Rep. Rose Pugliese and Michael Fields in a debate on Oct. 23 over the proposal to use Taxpayer's Bill of Rights dollars for property tax relief. and 9News will host the debate, which is scheduled for 7 p.m. Monday. The two news entities will live-stream the debate on their respective websites.
The ballot question, which the legislature referred to the ballot, will ask voters this November for permission to raise what's called the Referendum C cap by 1% and keep that additional revenue for a 10-year period. That would generate about $167 million per year. That total would be funneled to local governments to hold them"harmless" from reductions in property tax revenue, as well as boost funding for K-12 education.
If approved by voters, Proposition HH would make a temporary assessment rate reduction for residential property classes and reduce valuations — and the property taxes tied to those valuations — for owner-occupied, senior and multi-family housing by $50,000 in 2023, and by $40,000 from 2024 to 2032.
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