Overview

• Key property tax relief bill passes initial committee vote, advancing to full House debate.
• Legislators aim to mitigate risks posed by ballot initiatives 50 and 108, which could drastically cut local funding.
• The proposed bill includes $248 million in statewide property tax relief for 2025, with state backfilling lost local revenue.
• Special districts and some lawmakers express frustration over exclusion from negotiations and potential impacts.
• Governor Polis and legislative leaders emphasize the need for swift action to protect public services and education.