colorado

A special legislative session on property taxes is nearing its conclusion as the Colorado House of Representatives voted through the session’s main bill and the Senate took it up for debate on Wednesday evening.

The Colorado General Assembly gaveled in on Monday to consider a property tax proposal that backers say is a compromise deal to get rid of a pair of ballot initiatives that would severely cut local funding.

A bill passed by the Colorado Legislature this year that adjusts taxpayer refunds will benefit high earners but decrease refunds for most Colorado taxpayers, according to a recent analysis from legislative staff.

Federal water managers announced that Tier 1 water cuts — the least severe shortage condition — would be necessary next year to preserve water levels at Lake Mead.

The centerpiece of proposed legislation is a homestead, “agstead,” and “comstead” exemption that the task force says would cut taxes by at least 15% for about 345,000 homeowners.

A special legislative session could occur later this month to cut property taxes further than lawmakers did in May.

Colorado Gov. Jared Polis on Friday joined state and local officials for a ribbon cutting ceremony to unveil 12 newly built housing units built for corrections staff in Buena Vista.

Thousands of Coloradans remain evacuated from their homes as three major wildfires burn along the Front Range, and authorities say at least one person has been killed.

Plan from Mesa and Montrose counties would reduce proposed monument area by more than 90%.

Two conservative groups backing a 2024 ballot measure to slash Colorado’s property tax rates say they’ve submitted nearly 200,000 voter signatures in support of their initiative to the secretary of state’s office.