DENVER – The Denver City Council will consider a bill to increase the sales and use tax by 0.25% and invest the revenue into strategies to “reduce carbon pollution and adapt to climate change.”
If approved by the full Council in early August, the increase — which is estimated to generate about $36 million in its first year, accounting for the coronavirus pandemic — the sales tax increase would be referred to the November 2020 ballot and left up to Denver voters.
The initiative comes from the city’s 26-member Climate Action Task Force made up of representatives from the Sierra Club, Denver Metro Association of Realtors, Xcel Energy, the International Indigenous Youth Council, Denver Streets Partnership and many others.
Read the full article on the COPolitics website