The final Residential Assessment Rate (RAR) Study released by the Division of Property Taxation (DPT) on April10, 2019,estimates anRARof 7.15 percent for property tax years 2019 and 2020. The General Assembly would have to pass a bill for this rate to become law. The anticipated assessed values associated with this study have a significant impact on the local share for school finance. Compared with the December 2018 Legislative Council Staff assessed value forecast, the local share for school finance (local share) with a residential assessment rate of 7.15percent increases by $107.6million in FY2019-20. The actual local share will depend on the accuracy of the forecast and the RAR set by the General Assembly.
This memorandum describes the common policies for submitting a response to the Legislative Council Staff, and the standard costs to be used in estimating the fiscal impact of legislation considered during the 2023 legislative interim and the 2024 legislative session, and in any special session...
During the 2023 legislative session, the General Assembly considered several measures related to kindergarten through twelfth grade (K-12) education in Colorado.
The General Assembly considered several measures related to local government during the 2023 legislative session, including bills regarding local government operations, metropolitan districts, public employees, electric vehicles, and safety.
The General Assembly considered several measures related to housing during the 2023 legislative session, including bills regarding landlords and tenants, housing transactions, local governments, and land use.
The Appropriations Report summarizes the final action of the General Assembly and the Governor on the budget and other legislation passed during the previous legislative session that contained an appropriation of moneys.