Tag: tax
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GUEST OPINION: Continue the Homeless Contribution Tax Credit
The Colorado State Legislature is currently deliberating a measure with significant implications for organizations like Catholic Charities that work daily to serve the most vulnerable members of our community. The Homeless Contribution Tax Credit (HCTC), established during the 2022 legislative session, provides a 25% tax credit for individuals who make charitable contributions to eligible organizations…
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Denver revenue forecast declines amid increase in spending, decrease of sales tax income
The Denver Department of Finance informed a City Council committee the city will have even less money available for the 2025 general fund after revising revenues from this year. The change is partly driven by slumping or stagnant sales tax revenues, which provide more than 50% of the general fund’s revenue. Originally, the city was…
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Colorado Springs hotels, restaurants join in recovery as sales tax collections climb
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Already strong consumer spending in Colorado Springs shifted into overdrive in June, with hotels and restaurants joining the party as the city’s recovery from the COVID-19 pandemic continued to gain traction. Revenue from the city’s 2% sales tax in June, which came from sales in…
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Colorado Springs hotels, restaurants join in recovery as sales tax collections climb
Already strong consumer spending in Colorado Springs shifted into overdrive in June, with hotels and restaurants joining the party as the city’s recovery from the COVID-19 pandemic continued to gain traction. Revenue from the city’s 2% sales tax in June, which came from sales in May, surged 30.4% from June 2020 — when many businesses…