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Protect Your Wallet: The Truth About Colorado's Proposition HH

Are you a Colorado resident concerned about the impact of property taxes on your finances? If so, it's essential to understand the significant changes proposed by Governor Polis and his legislative allies through Proposition HH. In this blog post, we'll delve into what Proposition HH means for your pocketbook and why your vote is crucial in the upcoming election.

The Background

Colorado's Taxpayers Bill of Rights (TABOR) was created to safeguard citizens' surplus tax revenue by requiring refunds. Many expected these refunds to be provided as property tax relief, but Governor Polis's property tax plan, Proposition HH, takes a different approach.

The Proposition HH Dilemma

If Proposition HH is approved, it could lead to a substantial increase in property taxes for all Colorado residents, including both homeowners and renters. The fate of Proposition HH will be decided in the November election.

A Look at the Numbers

Governor Polis claims that Proposition HH will only retain a small fraction of your annual refund, but over time, this fraction can grow significantly. It could potentially reach billions of dollars, effectively eroding the benefits of TABOR.

The Perpetual Tax Threat

Moreover, Proposition HH's structure allows for an ongoing increase in taxes without requiring voter approval. This could have a far-reaching impact on your financial well-being and the state's economy.

The Cost of Approval

For the past three decades, TABOR has been instrumental in protecting Colorado taxpayers. However, Proposition HH could result in Governor Polis and his allies retaining an additional $16.5 billion in taxpayer refunds. This could substantially affect the state's financial landscape.

Your Role in Shaping the Future

It's essential to consider the implications of Proposition HH and make an informed decision when you cast your vote this November. Your vote matters in shaping the future of Colorado's tax policies.

To learn more about this important issue and the potential consequences of Proposition HH, visit TABOR's official website and Governor Polis's statement on the proposal.

Don't let your hard-earned money slip away. Vote against Proposition HH for a brighter financial future for all Coloradans.

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