(DENVER) – Leaders of two groups partnering on a property tax relief ballot measure today presented their plan to the Property Tax Task Force that would roll back property taxes, cap future revenue growth and help protect local governments from revenue losses.  
 
Advance Colorado President Michael Fields and former Senate Minority Leader Josh Penry, an advisor to Colorado Concern, detailed their proposed ballot measure, stressing both its simplicity and its popularity with Colorado taxpayers.  
“Solving Colorado’s property tax crisis doesn’t need to be complex and convoluted,” Fields said.  “We can roll back property taxes, place a reasonable cap on future local revenue growth and put a mechanism in place to help protect local entities from revenue losses.  That’s what our plan does and that’s why it is very popular with Colorado taxpayers.”  
 
The groups’ ballot measure would return property taxes paid by homeowners and businesses to near-2022 levels and cap revenue growth from future property taxes at 4 percent.  Only a vote of the people would allow the government to collect more that 4 percent in new property tax revenue in a year – which protects taxpayers from huge tax spikes such as those experienced recently.  
 
In his news conference announcing a Special Session after the defeat of Proposition HH, Gov Polis said Colorado needs a property tax cap in order to “constrain future growth of property taxes…”
 
“A property tax cap is an essential piece to any effective long-term solution,” Fields said.  “Even Governor Polis has said that. If the Legislature can’t get the job done, citizens will do it this November.”