Denver's Sales Tax Vote for Affordable Housing
Denver's Sales Tax Vote for Affordable Housing

Denver's Sales Tax Vote for Affordable Housing

News summary

Denver voters will decide in November on a proposed 0.5% sales tax increase aimed at generating $100 million over 10 years to fund 20,000 affordable housing units. The Denver City Council approved the measure in a 9-4 vote, with Mayor Mike Johnston emphasizing the need for more affordable housing. Some residents express support but insist on transparency and effective use of funds. This tax would be the largest of eight dedicated taxes in the city, which already supports various community initiatives. Former Mayor Wellington Webb cautioned against putting this issue before voters now. Additionally, cities like Fort Worth and Austin are also considering tax increases to address budget deficits and maintain service quality, reflecting a broader trend of rising taxes to meet community needs.

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