Fire departments may lose millions on compromise property tax cuts
DENVER — In a special session of the State Legislature lawmakers passed a bipartisan package of bills that will cut property taxes for all Colorado homeowners for the 2025 tax year. The bills result from negotiations between Gov. Jared Polis, bipartisan state leaders, and conservative backers of Ballot Initiatives 50 and 108. The measures would have significantly reduced tax revenues for state and local government budgets.House Bill 24B-1001 lowers the property tax limit for local governments ex...
