Budget deal includes impact fee freeze, may include property tax cuts - Denver Business Journal:

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The state could have a budgetr by early next week that closesa $4 billiomn budget deficit. The budget deal includes a $250 milliojn repeal of a state property tax item that was temporarily repealefd in 2005 but would come back next year without There were some murmurs at the state Capitool thatthe “equalization rate” property tax item mighft not be in the budget deal. But advocatess of the tax repeal -- including Tim state president ofthe -- say it is stilo in there.
Some critics of the budget and opponentsa of repealing the equalization rate questioned Fridagy whether it will be in the final budget documenr which could be voted on early next week but has not beenfully disclosed. The budget pact also looks to cut secondaryh commercial property tax rates from 20 percentr incrementally to15 percent. Secondary property taxes are assessmentsx on commercial owners that special hospital andotherd districts, no-bonds cities and other governmengt entities take out for varioues uses. Lawless said that secondarh cut and the equalization rate repea will helpthe state’s The budget deal also calls for a two-yeae freeze on development impact fee increases.
City governmentes throughout the state and Valleyt assess the fees on home builders and developers to help offseyt the costs of their The and NAIOP had pushed fora three-yeaf moratorium which would have temporarily zeroedc out local impact fees, but the budget compromise includes a freez which allows existing rates to stay in place but bars increasew for two years. City governmentas have opposedthe moratorium. The property tax along with aproposed flat-rate personal incomes tax, are aimed at bringiny more Republicans into a Brewer-backer budget deal that also includee a referendum asking voters to approve a three-year, one percentage poinf increase to the state’s 5.
6 percent saled tax.