CO SB100

Counties must provide written notice to all municipalities by October 15 each year of intent to potentially reduce the road and bridge fund property tax rate.

A county may only reduce the tax rate if either a majority of municipalities consent to the reduction or the county makes annual compensatory payments to each municipality for lost tax revenues.

The Transportation Legislation Review Committee must consider during the 2016 legislative interim input from counties, municipalities, stakeholders, and the public regarding the tax rate reduction process and proposals to resolve related issues.

The committee review requirement expires and is repealed effective July 1, 2017.