{"id":35853,"date":"2020-11-04T14:29:05","date_gmt":"2020-11-04T14:29:05","guid":{"rendered":"https:\/\/www.vailvalleypartnership.com\/?p=35853"},"modified":"2020-11-04T19:27:30","modified_gmt":"2020-11-04T19:27:30","slug":"coloradans-come-together-to-pass-amendment-b","status":"publish","type":"post","link":"https:\/\/www.vailvalleypartnership.com\/2020\/11\/coloradans-come-together-to-pass-amendment-b\/","title":{"rendered":"Coloradans come together to pass Amendment B"},"content":{"rendered":"<h2><em>Bipartisan support for this constitutional amendment proves Coloradans care about their first responders, schools, rural communities, and small businesses.<\/em><\/h2>\n<p>Coloradans tonight have officially said \u201cYes\u201d to Amendment B, voting to prevent cuts to critical services and to spare small businesses from a greater property tax burden by repealing the nearly 40-year-old Gallagher Amendment.<\/p>\n<p>\u201cWhen we launched this adventure our opponents were dismissive, saying there is no way; the Gallagher Amendment is too complex and that we would get killed at the ballot box. They were wrong and they underestimated Coloradans,\u201d <strong>said Campaign Co-Chair Kent Thiry<\/strong>. \u201cColoradans care about fairness, they care about firefighters and small business, they care about each other and their state.\u201d<\/p>\n<p>Passage of Amendment B is the most significant fiscal reform of Colorado&#8217;s Constitution in at least a generation.<\/p>\n<p>\u201cTonight, our teachers, critical-service providers and the Coloradans who rely upon them can rest easy knowing that Coloradans came together to support them and thwart the cuts that the outdated Gallagher Amendment promised to deliver,\u201d said <strong>Campaign Co-Chair Joe Zimlich, CEO of Bohemian Group<\/strong>.<\/p>\n<p>Fire departments, schools and frontline health providers across Colorado have faced years of substantial budget cuts as a result of Gallagher\u2019s outdated property-tax formula. Under Amendment B, the statewide residential assessment rate is frozen at 7.15% and the commercial assessment rate is frozen at 29%. Those rates cannot be increased without a vote of the people.<\/p>\n<p>&#8220;In a year where Coloradans have been forced to deal with record-setting wildfires, a global pandemic and unprecedented changes to the ways our kids learn in school, this election presented voters with a historic opportunity to be there for the firefighters, nurses and teachers who have been there for us all year long,\u201d said <strong>Campaign Co-Chair Mike Johnston, a former Democratic State Senator and CEO of Gary Community Investments<\/strong>. \u201cIn true Colorado fashion, voters used their voice to not only say \u2018thank you\u2019, but to prove they won\u2019t turn their back on the hometown heroes who now need us the most.\u201d<\/p>\n<p>Tonight\u2019s result (support for Amendment B was at 57.6% &#8211; 42.4% as of 9:45 p.m.) is a stunning reversal from the last attempt to ask voters to address the Gallagher Amendment\u2019s unintended consequences. In 2003, Colorado voters overwhelmingly rejected (22% \u201cyes\u201d vs. 78% \u201cno\u201d) a measure that would have frozen the residential assessment rate at 8 percent.<\/p>\n<p>Had Amendment B failed, Colorado\u2019s small businesses and commercial properties faced the prospect of paying a tax rate five-times higher than the rate paid by homeowners.<\/p>\n<p>Voting Yes on B is about removing Gallagher\u2019s one-size-fits-none rules from our state constitution,&#8221; said <strong>Campaign Co-Chair and former Republican U.S. Senator Hank Brown<\/strong>. &#8220;It spares small businesses from an even greater property-tax imbalance, and freezes the property tax rate for homeowners. Importantly, those rates can only be increased with a vote of the people under TABOR.\u201d<\/p>\n<p>Amendment B, which was referred to the ballot with bipartisan \u201cyes\u201d votes from nearly 75% from the Legislature, drew support from throughout Colorado and across the political spectrum. Hundreds of civic leaders and community organizations and more than a dozen newspaper editorial boards endorsed the measure.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bipartisan support for this constitutional amendment proves Coloradans care about their first responders, schools, rural communities, and small businesses. Coloradans&#8230;<br \/><a class=\"read-more\" href=\"https:\/\/www.vailvalleypartnership.com\/2020\/11\/coloradans-come-together-to-pass-amendment-b\/\">Read More<\/a><\/p>\n","protected":false},"author":5,"featured_media":35582,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[87],"tags":[],"class_list":["post-35853","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-community-press-releases"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Coloradans come together to pass Amendment B | Vail Valley Partnership<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.vailvalleypartnership.com\/2020\/11\/coloradans-come-together-to-pass-amendment-b\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Coloradans come together to pass Amendment B | Vail Valley Partnership\" \/>\n<meta property=\"og:description\" content=\"Bipartisan support for this constitutional amendment proves Coloradans care about their first responders, schools, rural communities, and small businesses. 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