Rep. McLachlan: Legislators work on tax relief, protecting funding during special session

The article was originally posted in the Durango Herald here.

As a former educator, I ran for office in 2016 with the priority of passing legislation to increase funding for our public schools and support the needs of both our students and educators. I spent six years as chair of the House Education Committee, overseeing legislation to improve student academic performance, boost the teacher and school personnel workforce, and support our students during and after the COVID-19 pandemic.

In the 2024 legislative session, I had my biggest win at the Capitol – the 2024 School Finance Act. This bipartisan law buys down the Budget Stabilization Factor, fully funding Colorado’s public schools and increasing total funding for public schools by more than $500 million to $9.7 billion.

Colorado’s K-12 public education is funded by state General Fund money, local property tax revenue and income tax revenue via the State Education Fund. More than 52% of local property taxes go to our K-12 public education, giving us the capital to hire more teachers and school personnel, provide after-school programs, and improve student achievement.

Complications resulting from the COVID-19 pandemic, inflation, growth and other factors have made our state less affordable, especially in rural areas like Southwest Colorado. Colorado legislators have responded with landmark legislation to reduce the cost of housing, health care and child care. We have taken steps to avoid steep property tax increases by extending and expanding 2021 property tax relief in 2023. Last session, we also passed a bipartisan solution to Colorado’s property tax code to reduce property tax costs.

Recently, Gov. Jared Polis called the Colorado General Assembly to convene into a special session beginning on Aug. 26 to pass further property tax relief to avoid two devastating initiatives appearing on the November 2024 ballot. One of these initiatives, lobbied by dark money special interest groups, would reduce revenue for public schools, fire departments, health care, libraries, water infrastructure and public outdoor recreation by nearly $3 billion. The two goals of our special session are saving Colorado homeowners money on property taxes and protecting funding for our communities – like schools and fire districts.

We have been working diligently since Polis’ call for a special session to deliver property tax relief for hardworking Coloradans while protecting funding for vital institutions, especially for our public schools and special districts. Colorado has the third lowest property tax in the nation; the bipartisan proposal would reduce the local government residential assessment rate by 0.15 points and the school district assessment rate by 0.1 points. It would also reduce the local government growth cap by 0.25% and set the schools growth cap to 6%. Our priority is to make our state a more affordable place to live for all Coloradans, and these reductions will help homeowners better afford the rising cost of living.

Constituent requests have been forwarded to House leadership and property tax committee; as of this writing, we are still waiting to see how all concerns are addressed.

As I end my eight-year service to Southwest Colorado, I’m proud to look back on everything we were able to accomplish. We bought down the Budget Stabilization Factor, provided two years of free college and boosted the incomes of hardworking Coloradans with new tax credits. I’m happy to get back to work at the Colorado Capitol to save property owners money while maintaining funding for our public K-12 schools, fire departments and other important community services.

Barbara McLachlan, D-Durango, is serving her fourth term representing La Plata, Montezuma, Archuleta and San Juan counties. She has been a journalist and teacher.