The Acumen - May 2024

increased revenue, we will need to reduce or eliminate some programs and services that residents rely on. Why Revenues Have Fallen Every year the property tax rate (aka the mill levy) for Arapahoe County residents is adjusted based upon projected revenue collection and the limitations imposed by the Taxpayers Bill of Rights (TABOR). This limits the amount of revenue that governments in Colorado can retain and spend. As a result, Arapahoe County’s policy has been to adjust the County’s mill levy and essentially provide a tax credit to residents. For example, in 2024 the County reduced its share of property taxes by 29 percent — leaving over $74 million uncollected. What’s next? It is critical that we solve this budget shortfall to avoid any cuts to programs and services that positively impact our residents. That’s why

commissioners are engaging our communities this spring and summer to learn more about your hopes and desires and how any changes in service would impact you specifically. We invite chamber members to visit acbudget. com to learn more about the budget challenge and provide your thoughts and ideas for solutions. Look for the “participate” button to share your thoughts on proposed ideas or to provide additional background that you’d like to share with elected leaders. You’ll also find other resources, including fact sheets and the results of a community survey we fielded in February. You can also share your thoughts via email at commissioners@arapahoegov.com. Your elected officials want to hear from you. We hope you’ll engage with us on this process so that together we can continue working toward a prosperous and fulfilling future. The Board of County Commissioners will announce next steps in late summer and hopes to hear from you now about this important work.

Parking structure ongoing repairs. (Photo: Arapahoe County)

35 The Acumen

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