Key provision back in urban renewal authority reform bill
“House Bill 1375, sponsored by Rep. Brian DelGrosso, R-Loveland, is scheduled for a final vote today, just before the end of session.
On Monday, the Senate Judiciary Committee approved the bill, but without the provision requiring cities that create urban renewal areas to invest their newly collected sales tax revenue in a proportion equal to that lost by counties that collect property taxes.
In an email to senators sent Monday, Larimer County Commissioner Steve Johnson urged the rejection of the amendment.
“Without cities being required to put in their sales tax in the same proportion as everyone else, the bill is meaningless,” Johnson wrote. “The bottom line is cities want to spend everyone else’s money and not their own. That’s not fair by anyone’s definition.”
When the bill went to the full Senate on Tuesday, it was stripped of the amendment. The bill, called the Urban Redevelopment Fairness Act, was approved on second reading.”
Maher, Jessica. Reporter Herald 6 May 2014.