This fall, Colorado Mountain College is asking voters to approve a measure that would help stabilize its funding.
All voters in the Roaring Fork Valley will see Ballot Issue 7D, in which CMC is asking for a creative fix to a funding shortfall. It’s expected the state’s Gallagher Amendment will reduce property tax revenue next year, and the school is facing a projected $3.8 million loss.
The ballot measure would give the college’s trustees the authority to adjust its mill levy — the property tax rate they collect — to prevent such a loss in revenue.
