tax revenue
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Election Results: 2C road maintenance tax on track for renewal for 10 years
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Colorado Springs voters are set to approve a 10-year extension for the sales tax that has helped the city funds road improvements. Tuesday night’s initial election results from the El Paso County Clerk and Recorder’s Office at 8 p.m. showed that 73.18% of voters were in support of renewing the 2C sales and use tax.…
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Mayor Mobolade on X
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Tonight, based on the strength of preliminary election results, I’m excited to share that Ballot Issue 2C has passed. Colorado Springs, I want to extend my deepest and most heartfelt thanks for your support of this 10-year renewal of our road repair and maintenance program. pic.twitter.com/UIwziHFEsu — Mayor Yemi (@MayorofCOS) November 6, 2024
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Denver revenue forecast declines amid increase in spending, decrease of sales tax income
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The Denver Department of Finance informed a City Council committee the city will have even less money available for the 2025 general fund after revising revenues from this year. The change is partly driven by slumping or stagnant sales tax revenues, which provide more than 50% of the general fund’s revenue. Originally, the city was…
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? Grantham: Amendment 72 would further hamstring Colorado’s budget
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Amendment 72 promises to further tangle Colorado’s budget. As a member of the Colorado Legislature’s Joint Budget Committee, I can assure you that this is the last thing we need. Earlier this year, legislators struggled to balance Colorado’s complicated budget, as is required each year by law, while also providing services that our communities need.…