Amendment B this November asks voters to repeal the Gallagher Amendment to the Colorado Constitution. Reeves Brown, project manager for the nonpartisan group Building a Better Colorado, will explain …
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Amendment B this November asks voters to repeal the Gallagher Amendment to the Colorado Constitution. Reeves Brown, project manager for the nonpartisan group Building a Better Colorado, will explain this measure to the Adams County League of Women Voters at 6:15 p.m., on Sept. 28 at the Community Reach Center, 11285 Highline Drive in Northglenn.
Voters approved the Gallagher Amendment in 1982, which froze the relationship of residential property to 45 percent and non-residential property at 55 percent of total property value in the state. Since then, residential property value has ballooned to 80 percent of the total assessed value statewide. This formula has eroded the property tax base that funds all local public services.
As a result, the Colorado Legislature referred this measure to voters. Come hear and see a presentation on how Gallagher works and the three changes repeal would bring. Brown notes that approving this measure would not raise or lower any property tax rate. It would just stop the way the formula has distorted state revenues. The League asks all attendees to wear a mask. Seating will maintain social distancing.
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