Tag: Sales Tax
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Aurora sales tax revenue flattens out, officials ‘concerned’ as budget shortfall looms
Sales tax revenue in Aurora has remained flat over the last two years as the city heads toward a budget deficit in 2026, raising concerns from lawmakers and budget officials. Robert Oliva with Aurora’s Finance and Budget Department presented numbers in sales tax revenue over several years to City Council members during a planning and…
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Denver Health poised to gain $70 million annually
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Denver voters backed a sales tax increase designed to provide more money to Denver Health, the city’s safety net hospital system. Though votes were still being counted, the margin in favor of the tax hike was sizable at roughly 13 points, with 155,698 votes supporting the measure out of 275,723 counted so far, according to…
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Denver voters reject Mike Johnston’s sales tax hike for affordable housing, latest tally shows
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Denver voters have rejected Mayor Mike Johnston’s proposal to increase the city’s sales tax rate by 0.5 points in order to pay for housing projects citywide. The tax hike proposal divided the Denver City Council, where it was delayed, amended and ultimately sent to the Denver ballot in August. Johnston, who campaigned for the measure…
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Colorado Health Foundation and partners plan to build new affordable housing project in Denver’s Uptown area
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Facebook Twitter WhatsApp SMS Email Print Copy article link Save Less than 24 hours after a divided Denver City Council approved referring a sales tax measure to voters seeking to raise money for affordable housing projects in the city, a group announced a major project for low income residents in Denver’s Uptown area. The Colorado…
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Two business Denver groups throw support behind sales tax increases
Two prominent Denver entities representing business interests are backing a proposal to increase the sales tax in order to help fund the operations of Denver Health. One of the business groups also threw its support behind Mayor Mike Johnston’s push to also hike the city sales tax in order to fund “affordable housing.” All…
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Denver business groups quiet on proposed sales tax increases
Editor’s Note: This story has been update to reflect the positions of the Metro Denver Chamber of Commerce, which decided to support one sales tax rate increase proposal, and the Downtown Denver Partnership, which is now backing both tax hikes, in the time between initial interviews and this story’s publication. Denver voters will decide the…
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Denver City Council appears to support $100M sales tax increase
Facebook Twitter WhatsApp SMS Email Print Copy article link Save A proposal to increase sales taxes to generate $100 million, which sponsors want to allocate for “affordable” housing, appears to have broad support within the City Council, though at least one member has expressed reservations about asking residents to pay more for goods. A City…
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Denver City Council committee delays proposed sales tax measure to fund affordable housing
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Facebook Twitter WhatsApp SMS Email Print Copy article link Save After more than an hour of questions, a sales tax measure proposed by Mayor Mike Johnston has been tabled for more discussion by the Denver City Council. Councilmembers unanimously voted on Wednesday in the Safety, Housing, Education and Homeless Committee to delay sending the proposal…
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Denver mayor seeks $100 million sales tax hike to build 20,000 ‘affordable’ housing units
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Facebook Twitter WhatsApp SMS Email Print Copy article link Save Arguing $100 million more annually is necessary to build thousands of affordable housing units, Denver Mayor Mike Johnston and some of the council’s most progressive members are pushing for a sales tax hike that, if approved by voters, would make the city’s rate the highest…
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Aurora council kills proposal to eliminate marijuana excise tax
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Aurora councilmembers shot down a proposal at Monday night’s study session to get rid of the excise tax on marijuana cultivation in the city, saying the city relies on the tax money to pay for road work and debt. In Colorado, on top of regular sales tax rates, the marijuana industry pays an excise tax…