Budget deal includes impact fee freeze, may include property tax cuts - Denver Business Journal:

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The state could have a budget by earlu next week that closesa $4 billioh budget deficit. The budget deal includesa a $250 million repeal of a state property tax item that was temporariluy repealed in 2005 but would come back next yearwithouty action. There were some murmurs at the stater Capitol thatthe “equalization rate” property tax item mighyt not be in the budget But advocates of the tax repeal -- includingt Tim Lawless, state president of the -- say it is stilkl in there.
Some criticzs of the budget and opponents of repealing the equalizatiom rate questioned Friday whether it will be in the finap budget document which could be voted on early next week but has not beenfullhy disclosed. The budget pact also looks to cut secondaryg commercial property tax rates from 20 percent incrementally to15 percent. Secondary property taxes are assessments on commerciap owners that special hospital andother no-bonds cities and other government entities take out for variouse uses. Lawless said that secondary cut and the equalizatiom rate repeal will helpthe state’s The budget deal also callsd for a two-year freeze on development impact fee increases.
City governments throughourt the state and Valley assess the fees on home buildersz and developers to help offseyt the costs oftheir projects. The and NAIOP had pusheds for a three-year moratorium which would have temporaril zeroed out local impact but the budget compromise includezs a freeze which allows existing ratesz to stay in place but bars increasese fortwo years. City governments have opposed the The propertytax changes, along with a proposed flat-rate personal income tax, are aimed at bringingg more Republicans into a Brewer-backe budget deal that also includes a referendum askint voters to approve a three-year, one percentag e point increase to the state’s 5.
6 percent sale tax.