June 20, 2024

Rocky Daily News

Colorado Politics-Sports-Business-Weather

What the Colorado legislature passed during the special session and how it will affect your wallet

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In a special legislative session that concluded Monday afternoon, the Colorado General Assembly cut property taxes by $434 million and increased taxpayer refunds for most Coloradans by redistributing money that otherwise would’ve gone to higher earners.

They also redirected $185 million in surplus tax collections to expand a tax break for low-income workers, approved $30 million in rental assistance and authorized a summer meals program for low-income children that will bring in up to $42 million in federal funding.

It all happened in a span of four tense days as lawmakers rushed to wrap up before Thanksgiving.

Gov. Jared Polis called the special session earlier this month after voters overwhelmingly rejected Proposition HH, his sprawling tax plan that offered a…

Brian Eason and Jesse Paul

2023-11-20 14:42:25

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