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Colorado legislators are addicted to spending money, and voters are fed up. They are so fed up, that a couple of ballot measures have thrown the overwhelmingly communist government into chaos.
As a result, legislators are back under the dome -- in August -- at the behest of Governor Polis and with the express goal of pulling the ballot measures.
Initiative 50, "Voter Approval to Retain Additional Property Tax Revenue," would cap property tax revenue at 4% annually. The measure reads:
"IF THE TOTAL OF STATEWIDE PROPERTY TAX REVENUE IS PROJECTED TO GO UP MORE THAN 4% OVER THE PRECEDING YEAR, VOTER APPROVAL IS NEEDED FOR GOVERNMENT TO RETAIN THE ADDITIONAL REVENUE."
Oh the horror to allow voters to approve new spending by people who are provably drunk on spending. Initiative 108 proposes cutting the residential property assessment rate to 5.7%. The measure reads:
"THE VALUATION FOR ASSESSMENT FOR RESIDENTIAL REAL PROPERTY IS 5.7 PERCENT OF THE ACTUAL VALUE OF THE PROPERTY FOR PROPERTY TAX YEARS COMMENCING ON OR AFTER JANUARY 1, 2025."
The underlying premise that those currently in power refuse to stop spending money. They're gaslighting the public that property tax relief will prevent us from having schools and roads and firefighters. In reality, it ties their hands in servicing their special interests.
We have low expectations for the outcome of this session. Advance Colorado, who brought 50 and 108, is a progressive policy outfit and they've tacitly agreed to pull the measures if their special interests get their way.
They're all progressives, but they call this bipartisan. That's because they're terrified of allowing voters to decide taxation.
Watch Day One of the Extraordinary Session here: Senate and House.
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