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    Denver’s dedicated sales taxes have raised $1.1 billion for preschool, parks

    By Joe Rubino | The Denver Post,

    1 day ago
    https://img.particlenews.com/image.php?url=3pgflO_0uvJO05800

    Denver voters approved the city’s first dedicated sales tax in 2006 by supporting the creation of the Denver Preschool Program by the slimmest of margins — just 1,815 votes , or a fraction of a percent.

    But nearly 20 years later, specialized taxes that set aside a slice of the city’s overall rate for a specific purpose have become popular among Denver voters. Voters later extended the preschool tax and increased it, from 0.12% to 0.15%, and in 2023 they voted a third time — this time with 78% support — to make it a permanent fixture in the municipal code.

    Denver voters have passed six other dedicated sales tax measures since 2018, going for a range of programs and initiatives, and with some originating outside city hall. Combined, the city’s seven dedicated taxes account for 1.31% of the city’s effective 8.81% sales tax rate, which also includes state and regional taxes.

    That 1.31% adds about 13 cents on a $10 purchase.

    Click here to read the full story from our partners at The Denver Post.

    Denver’s dedicated sales taxes have raised $1.1 billion for preschool, parks

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