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Treasurer admits bill increased property tax tab |
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Tuesday, 06 May 2008 |
Official testifies in TABOR lawsuit that more money collected as a result of mill levy freeze By Berny Morson Rocky Mountain News State treasurer Cary Kennedy conceded today on the witness stand that a bill passed last year by the legislature alters the way taxes are calculated with the net result that many property owners pay more. But Kennedy continued to insist the 2007 law, SB 199, does not violate Colorado's Taxpayer's Bill of Rights. Kennedy's testimony came on the second day of a lawsuit brought by opponents of the 2007 law. They say SB 199 should have been referred to voters under TABOR provisions. The 1992 Constitutional amendment allows tax increases only with approval at the ballot box.... Read full story: http://www.rockymountainnews.com/news/2008/may/06/tax-receipts-went/
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