Colorado

Dec 5, 2009 12:09 PM by Associated Press

Colorado voters to decide 2 tax proposals

Two plans to cut Colorado taxes have been cleared for ballots next year.

One ballot initiative would slash income taxes, vehicle registration fees and would cut most taxes and fees on phones and Internet service. The other could lead to property tax cuts in areas with falling property values.

Colorado's secretary of state approved the measures Friday after concluding they had enough valid signatures to make ballots next year.

State officials warn the measures could cost the state $1 billion a year in lost tax revenue and could threaten state services such as public schools.

 

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