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Property tax reductions get preliminary approval from Colorado House in special session

House Appropriations Committee approves the deal on a bipartisan 8-3 vote. Two progressive Democrats voted against the bill.

DENVER — The Colorado House on Tuesday gave preliminary approval to the surviving three bills in the special session that the governor convened to tackle the state's soaring property taxes. 

That includes the compromise reached by Gov. Jared Polis, lawmakers and the groups behind two initiatives that seek tax cuts that are deeper than what policymakers enacted earlier in the year.

However, there appears to be no guarantee all three measures will make it to the final vote, an outcome that likely means a bitter and expensive battle waged over the two initiatives that state election officials already certified for the ballot.

That uncertainty permeated the last two days of session, contributing to a sense of foreboding and heightening the risk for several parties. Notably, the failure to pass the compromise would mean voters will decide whether to adopt deeper tax cuts this November, with repercussions for local governments' revenue and residents' pockets.    

For now, the compromise is advancing.  

>Read the full story on Colorado Politics.

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