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Ken-Caryl staff warn new state property-tax cap will limit 2026 revenue; DOLA guidance issued
Summary
District staff reviewed Colorado's recently enacted property-tax revenue cap and new technical guidance from the Colorado Department of Local Affairs, and advised the board to budget conservatively for 2026 given unresolved implementation questions.
Emily, a staff member, told the Ken-Caryl Metropolitan District Board on Sept. 9 that a new state property-tax revenue cap passed in 2024 will limit the district's allowable revenue for 2026 and that state guidance to implement the law only recently became available.
The new law creates a growth limit the board described as effectively 10.5% over each two-year reassessment cycle (commonly shortened in the meeting to a 5.25% annualized cap). Emily said local officials must calculate a district-specific base amount and any carryover amounts before determining what the district can legally certify for 2026.
Emily said the legislation was adopted after an interaction between a ballot initiative and the legislature and noted the resulting statute is complex.…
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