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.
Brian Eason and Jesse Paul
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