Colorado Governor Calls Special Session to Address Property Tax Concerns
Colorado Governor Jared Polis has called for a special legislative session to address the issue of rising property tax rates following the failure of Proposition HH, a measure aimed at providing property tax relief and school funding. The session, set to begin on November 17, comes after voters rejected the initiative, which sought to combat a significant increase in home values and subsequent property tax bills. Lawmakers face pressure to reach a deal quickly before the holiday season, as a failure to pass a tax cut before early December would result in locked-in tax increases. Progressives are advocating for targeted relief for low- and middle-income residents, while Republicans seek clean tax cuts that avoid long-term reductions in taxpayer refunds under TABOR. The debate also involves school districts and local governments, which could lose significant revenue if property taxes are cut without increased financial support.