Property tax lawsuit wraps up
DENVER (AP) ” Attorneys for Governor Ritter and the state say school districts opted out of protections against property tax increases when they won voter approval to keep revenue beyond limits set by the state Constitution.
The argument came during yesterday’s wrap-up in a lawsuit challenging a freeze on property-tax rates that generates more money for schools but blocks tax rate drops expected in some school districts.
Opponents of the freeze approved last year by the Legislature and backed by Ritter argue the measure amounts to a tax increase, which requires voter approval
But attorneys for the state say voters where the freeze applies have already backed allowing their school districts to keep revenue collected above constitutional limits.
A ruling by the district court judge overseeing lawsuit isn’t expected for several weeks.
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