Property Tax Relief
Shall the City of Colorado Springs Home Rule Charter be amended as follows:
Section 7-90 (h) (1) is repealed and replaced by the following:
The maximum City property tax mill levy shall be set at three mills in 2015, two mills in 2016, one mill in 2017 and zero starting in 2018, provided total City revenue from all sources in each such year increases at least two million dollars more than the revenue decrease from each such year’s mill levy. If that revenue from all sources increases less than that dollar amount in that year, the remaining mill levy decreases shall each be delayed one year.