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The announcement comes after voters defeated Proposition HH on Tuesday.
DENVER — Gov. Jared Polis called a special session of the state legislature on Thursday after voters defeated Prop HH on Tuesday.
The measure would have reduced property taxes next year and created a discount over the next 10 years. It would have allowed the state to retain and spend some Colorado Taxpayer’s Bill of Rights (TABOR) funds that would have otherwise been refunded.
Polis was a big proponent of the issue and called the ballot question a comprehensive, long-term response to high property tax increases, which are the result of recent double-digit property value assessments.
Opponents of Prop HH said it was an attempt to grow government by cutting into your future TABOR refunds and doing so without actually softening the increase on property tax bills.
Its failure left Colorado residents without an answer to their rising property taxes and Democrats struggling to come up with a Plan B to address the issue.
Polis said in a tweet that he was calling for the session and said he was urging the Legislature to “put people over politics” to save Coloradans money on property taxes. He’s asked them to reconvene on Nov. 17.
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