Author: The Center Square
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Oil, gas industry to fight stricter environmental bills in Colorado legislature
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Business leaders joined leaders of Colorado’s petroleum and natural gas industries in denouncing a wave of legislation creating higher environmental standards and phasing out drilling. “These concepts range from banning any development for any industry that requires an air permit in up to 50% of the state to tracking and limiting how much you can…
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Here’s how much Coloradans got in tax refunds last year
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Americans paid in 2019 more than $3.5 trillion in taxes. Nearly half of all tax returns filed by individuals, corporations and estates received a refund. Altogether, the Internal Revenue Service issued nearly 122 million refunds totaling $452.1 billion, or $3,709 per refund. There are a number of variables that affect the amount that is refunded,…
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Combined local-state tax rate in Colorado stood at 9.4% in 2019
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The effective state and local tax rate for Colorado residents in 2019 was 9.4%, the 34th highest percentage among the 50 states, according to a new ranking published by the Tax Foundation. Across the United States, the average state-local tax burden came in at 10.3% of Americans’ combined income, the study said. Generally, state-local tax rates…
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The Center Square: Colorado governor receives ‘C’ grade in fiscal policy report card
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Colorado Gov. Jared Polis received a “C” grade for his fiscal policies in a report card released by a libertarian think tank. The Washington, D.C.-based Cato Institute released its “Fiscal Policy Report Card on America’s Governors 2020” on Monday. “This report discusses ways that states can respond to today’s budget challenges, including tapping revenues from…
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Initiative to create paid family and sick leave program qualifies for ballot
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Colorado voters will get a chance to decide if the state should establish a family and sick leave insurance program that would raise taxes on both employers and employees. Initiative #283, called the “Paid Family and Medical Leave Insurance Program,” qualified for the November general election ballot, the Secretary of State’s Office said Tuesday. RELATED:…
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Funding for arts agencies in Colorado to reach $2 million in fiscal 2020
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Legislative appropriations for Colorado arts agencies are projected to reach $2 million for fiscal year 2020, which equates to 35 cents per capita in the state, according to a report from the National Assembly of State Arts Agencies (NASAA). The state’s per-capita funding for arts agencies is the sixth lowest among all 50 states and the…
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Colorado received $6M in public broadcasting funds last year
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The Corporation for Public Broadcasting allocated $6,016,101 in fiscal year 2018 to support public television and radio in Colorado, the 23rd highest amount among the 50 states and the District of Columbia, CPB reported. The CPB is a private, nonprofit corporation that oversees the federal government’s financial support for public television, radio, and related online and…
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New initiative picks Southwestern Colorado for forest improvement project
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A new initiative made up of public, private and nonprofit groups has chosen part of Southwest Colorado as a project area to increase forest restoration and recreation. The Rocky Mountain Restoration Initiative, which was formed earlier this year and is made up of 30 organizations, said the project will “pool resources to make transformational differences…
