Colorado Mountain College seeks to compensate for diminishing revenue
Colorado Mountain College (CMC) wants to make up for diminishing revenue by tinkering with property taxes. Voters have the final say this November.
On ballot question 4B, CMC is essentially asking to adjust property taxes as it sees fit. State law limits the portion of property tax that can be collected from homeowners. Because of population growth on the Front Range, residential property taxes have dropped statewide.
This means, this year, CMC didn’t have $2 million it thought it would. Should the measure pass in November, the college will be able to make up this revenue. The college has four campuses in Garfield County.