Posted on 02/25/2023 1:54:41 PM PST by george76
Gov. Polis ran for reelection on promises of saving people money and state lawmakers claim one of their top priorities this session is finding ways to make housing more affordable.
And yet they’re about to push homeowners and renters off a financial cliff when an enormous property tax bill of 26.5% comes due next year.
Lawmakers could have done something to stop it, and there’s still time. But they’re too busy banning gun discharges on private property and legalizing drug injection sites to enable addicts.
Michael Fields, president of the Advance Colorado Institute, writes in the Denver Post this week the government will collect an additional $3 billion in taxes next year.
That tax windfall for bureaucrats will come at the expense of seniors living on fixed incomes forced to sell their homes, and it means higher rents that will force some residents onto the rolls of the metro area homeless.
Fields explains:
This legislative session is the last chance for our elected leaders to avoid this crisis. They pledged and promised that once Gallagher was repealed, they’d work towards a long-term solution. Other projects took precedence, members termed out, and now Coloradans are about to reap what they sowed. Our state budget has ballooned by 24% over the last five years — from $34.5 billion to a projected $42.7 billion. Local governments are collecting more revenue than ever. These are clear indicators that this inflated property tax revenue isn’t necessary for our government to function.
We’re about to find out if our lawmakers really meant it when they promised to make life more affordable in Colorado, or if they’re planning to rob us blind.
Colorado Ping ( Let me know if you wish to be added or removed from the list.)
What about TABOR? How can they rase property taxes without a vote? Or are they calling it a fee.
Cartels probably own your state, too.
They need their own Prop 13. Or was it 103?
It’s part of becoming a drugged-up NIMBY state taking in the flow of elite foreigners. Money, money.
Never live in a state where the property taxing authorities can't be restrained.
If you want government services, taxes have to increase.
Note, that includes Social Security, Medicare, Medicaid, and SSI
“ If you want government services, taxes have to increase.
Note, that includes Social Security, Medicare, Medicaid, and SSI”
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The thread is about Colorado taxes. Colorado’s sales tax varies (depending on locality) from 2.9% to 11.2%. As the cost of purchases goes up with inflation so does the government’s “share” go up proportionally. Colorado’s income tax rate is 4.4%. As incomes go up so do income tax government receipts go up proportionally.
The problem is that the government and its massive number of parasites want an EVER INCREASING SHARE OF ALL INCOME.
As for the federal government, there are all THEIR PARASITES plus the GIBS ME DAT Bunch of Billions Zelensky acolytes.
Hey House-the thread is about Colorado PROPERTY taxes. A prop 13 would expose it all. The lefties can then raise sales taxes to make up the difference. They’ll get exposed again. People get the government they deserve. Should a Prop 13 make the big-time news there’s no senate seat up for grabs.
There are government services with taxes as they are so why do they need to increase?
You can also find ways to trim or eliminate other expenses to lower costs....but that doesn’t ever enter the illogic of democrats. Ever. Short of a threat to their existence, they’ll worm their way in contortionist forms to steal, cajole and outright fraudulently rob the tax payer. Always. just sayin’.
Right. Revenue is up but it’s never enough. Just like pubic schools.
Please add. Thanks
The government is not your mommy.
The USA was founded on the principle of equal opportunity, not equal outcome.
Wasn’t recreational marijuana supposed to be bringing millions if not billions of dollars?
Medicare Taxes would have to go at least 3X to generate the funds to save the system. Medicare took in $333 Billion last year and spent an additional $2 Trillion on top of that. Now over 1/3 of the Federal Budget and heading to half and no solution on sight. SS can easily be saved. Can’t wait to see what Congress does, there isn’t enough taxes to make it work no matter what you do even is you have a 90% tax rate for everyone.
SSI comes out of the SS Trust Funds
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