Ritter revises plan to freeze tax rates for school districts | SummitDaily.com
YOUR AD HERE »

Ritter revises plan to freeze tax rates for school districts

DENVER ” Gov. Bill Ritter is revising his proposal to block an expected decline in property-tax rates for school districts after lawmakers questioned whether it is constitutional.

His new plan would reduce property-tax rates in 33 districts while locking rates at current levels in the remaining 145 districts. The previous plan would have affected all but a few districts.

Ritter’s latest proposal would let school districts keep an extra $55 million, relieving the state from a requirement to pick up some of the costs from local school districts.

“This is a way to address inequities in school districts that are suffering under exorbitantly high tax rates,” said Evan Dreyer, Ritter’s spokesman.

The proposal would cut rates to $27 per $1,000 of taxable value in 33 districts in Adams, Arapahoe, Baca, Conejos, Costilla, El Paso, Kit Carson, Larimer, Lincoln, Logan, Morgan, Otero, Phillips, Prowers, Pueblo, Rio Grande, Saguache, Sedgwick, Washington and Weld counties.

Ritter said he wants to “stabilize” property-tax rates in school districts across the state to prevent the State Education Fund, a primary source of funding for schools, from going bankrupt.

Republicans said the stabilization is a tax increase that would require voter approval.


Support Local Journalism

Support Local Journalism

As a Summit Daily News reader, you make our work possible.

Now more than ever, your financial support is critical to help us keep our communities informed about the evolving coronavirus pandemic and the impact it is having on our residents and businesses. Every contribution, no matter the size, will make a difference.

Your donation will be used exclusively to support quality, local journalism.

For tax deductible donations, click here.
 

Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.

User Legend: iconModerator iconTrusted User