A state committee looking into alternatives to the Gallagher Amendment is meeting this Wednesday at the Glenwood Springs Library.
The committee will hear from local tax districts about how the Gallagher Amendment threatens their funding.
The amendment holds residential and commercial property tax statewide in a fixed ratio. Because of growth on the Front Range, a smaller and smaller percentage of people’s houses can be taxed.
This means special districts, like fire departments, get less money.
Bob Rankin is one of three Republicans who sits on the committee with three Democrats. He represents Garfield, Rio Blanco, and Moffat counties.
He said the committee is exploring is a property assessment rate that varies by region, instead of just one for the entire state.
