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With just two days to go before the end of the legislative session, Colorado's House Democrats are rushing to push through a last-minute proposal that seeks to equalize TABOR refunds to about $660 per person.
Insidious destruction of Colorado
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Senate Bill 303 would ask voters this November for permission to raise what's called the Ref C cap by 1% and keep that additional revenue for a 10-year period. That would generate about $167 million per year, which in turn would be funneled to local governments to hold them harmless from reductions in property tax revenue.
As notices of valuation hit mailboxes this week, the Chaffee County Assessor’s Office has seen a median increase of between 40 and 60 percent in actual values from 2021.