Does downtown Denver tax district take money from DPS?
“Denver City Councilman Paul Lopez at Monday’s council meeting made an impassioned speech against supporting the continuation of a series of downtown Denver tax districts that could raise and expected $65 million for downtown improvements.
The measure ended up passing on first reading with Lopez the only dissenting vote. The final vote is set for Monday.
Among Lopez’s arguments was tax-increment financing that collects sales and property taxes from specific areas takes money away from Denver Public Schools.
“Any time we use tax-increment financing, we take away from our school district,” Lopez said. “We have to ask ourselves is this a worthy endeavor?””
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Meyer, Jeremy. Denver Post 30 October 2013.