Tag: tax revenue
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Cautious optimism for Colorado Springs budget as tax revenue comes in higher than expected
Not all of the financial news for Colorado Springs is rosy, but the city’s sales tax revenue has been stronger than expected heading into the summer. Finance Director Charae McDaniel presented the largest financial update of the year during the Colorado Springs City Council’s work session Monday. While McDaniel had given a similar presentation in…
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Election Results: 2C road maintenance tax on track for renewal for 10 years
Colorado Springs voters are set to approve a 10-year extension for the sales tax that has helped the city funds road improvements. Tuesday night’s initial election results from the El Paso County Clerk and Recorder’s Office at 8 p.m. showed that 73.18% of voters were in support of renewing the 2C sales and use tax.…
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Election Results: 2C road maintenance tax on track for renewal for 10 years
Colorado Springs voters are set to approve a 10-year extension for the sales tax that has helped the city funds road improvements. Tuesday night’s initial election results from the El Paso County Clerk and Recorder’s Office at 8 p.m. showed that 73.18% of voters were in support of renewing the 2C sales and use tax.…
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District Court dismisses lawsuit to remove road tax extension from Colorado Springs ballot
An El Paso County District Court judge this month dismissed a lawsuit that sought to remove the so-called 2C road tax question from Colorado Springs’ November ballot. Douglas Bruce, the author of Colorado’s Taxpayer’s Bill of Rights amendment, filed a three-page civil lawsuit against the city of Colorado Springs in late September, alleging the city…
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TABOR author sues Colorado Springs, seeks removal of road tax extension question on November ballot
Douglas Bruce, the former Colorado state legislator who authored the state’s Taxpayer’s Bill of Rights amendment, is suing the city of Colorado Springs in a bid to remove a question from the November ballot that would authorize the 10-year extension of a dedicated sales tax for road maintenance. Bruce filed the three-page lawsuit against the city…
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Denver revenue forecast declines amid increase in spending, decrease of sales tax income
The Denver Department of Finance informed a City Council committee the city will have even less money available for the 2025 general fund after revising revenues from this year. The change is partly driven by slumping or stagnant sales tax revenues, which provide more than 50% of the general fund’s revenue. Originally, the city was…