The aftermath of Proposition HH: Tough choices ahead

The failure of Proposition HH in Colorado means that property taxes will rise by an average of 40% across the state, unless there is swift legislative or local government intervention. Additionally, taxpayers who make less than $99,000 will receive smaller TABOR refunds next year compared to what they would have received if Proposition HH had passed. The failure of the measure also has implications for future tax bills and refunds in the coming years. The legislature has a limited time to address these issues before local governments set their budgets.