It’s official: Denverites will vote on largest dedicated sales tax in city history in November
Voters will have their say on the largest dedicated sales tax in Denver’s history in November after the City Council on Monday referred a 0.5% tax hike aimed at greatly increasing the amount of affordable housing in the city to the ballot.
The 13-member council voted 9-4 to send the tax to voters. Now it is up to the residents of a city that has quickly become one of the least affordable housing markets in America to decide whether or not to add that half-percent on top of the city’s existing 8.81% effective sales tax rate.
“Now is the time to act,” Councilman Darrell Watson said before voting with the majority.
