Basalt Considers Pausing Tobacco Tax

Mar 11, 2019

Credit Patrick Fort / Aspen Public Radio News

At their meeting tonight, Basalt’s Town Council is expected to stop collecting taxes on cigarettes and other tobacco and nicotine products. The tax was raising too much money.

Basalt voters approved a tax in April of last year that added $2 to the price of a pack of cigarettes and 40 percent to other tobacco products.

The town council anticipated it would raise a little less than $30,000 over 2019. Instead, it was on track to raise over $200,000.

The town government is worried about possibly violating the Tax Payers Bill Of Rights (TABOR), which limits revenue growth by governments.