Denver City Council Votes on Sales Tax for Housing

The Denver City Council approved a ballot measure to increase the sales tax by 0.5% to raise $100 million annually for affordable housing, set to be voted on this November. The measure passed with a 9-to-4 vote, despite concerns from several council members about its incomplete details and potential impact on residents' financial burdens. The sales tax hike would bring the total tax to 9.31%, one of the highest in the area, and includes a sunset provision set for 40 years. Proponents argue the measure is essential for addressing the city's affordable housing crisis, targeting the creation or preservation of 44,000 income-restricted housing units over the next decade. Critics, including Councilmember Stacie Gilmore, warn that the tax burden on residents is already significant and that voters may overlook the ballot question amidst a dense election slate. As the city prepares for the November vote, the proposal's future hinges on public support amid ongoing debates about its structure and governance.