Katelyn Baker
Well-Known Member
Aurora, Colo. - An Aurora City Council committee gave the green light to a proposal raising the city's retail marijuana tax and dedicating the funds to support homeless services.
The proposal would increase the tax from 5.75 percent to 7.75 percent at the same time the state tax drops from 10 percent to 8 percent on July 1, 2017, meaning the tax rate would not change for users.
"When I found out about this, I thought this would be a great way to provide a revenue stream to provide services to the homeless," said Bob LeGare, an Aurora City Council member who proposed the change.
The tax would generate an estimated $1.5 million annually, and a proposed use would be to support operations of a planned homeless day resource center.
Aurora has already allocated millions in marijuana tax money to fund homeless services, but LeGare said that money is only dedicated for the next three years.
The tax increase was unanimously approved in the Management and Finance Policy Committee meeting Wednesday afternoon, but Council Member Charlie Richardson opposed dedicating the funds to homeless services, suggesting there could be better uses.
News Moderator: Katelyn Baker 420 MAGAZINE ®
Full Article: City Of Aurora Moves Forward On Marijuana Tax Increase
Author: Jaclyn Allen
Contact: 303-832-7777
Photo Credit: None Found
Website: Denver7
The proposal would increase the tax from 5.75 percent to 7.75 percent at the same time the state tax drops from 10 percent to 8 percent on July 1, 2017, meaning the tax rate would not change for users.
"When I found out about this, I thought this would be a great way to provide a revenue stream to provide services to the homeless," said Bob LeGare, an Aurora City Council member who proposed the change.
The tax would generate an estimated $1.5 million annually, and a proposed use would be to support operations of a planned homeless day resource center.
Aurora has already allocated millions in marijuana tax money to fund homeless services, but LeGare said that money is only dedicated for the next three years.
The tax increase was unanimously approved in the Management and Finance Policy Committee meeting Wednesday afternoon, but Council Member Charlie Richardson opposed dedicating the funds to homeless services, suggesting there could be better uses.
News Moderator: Katelyn Baker 420 MAGAZINE ®
Full Article: City Of Aurora Moves Forward On Marijuana Tax Increase
Author: Jaclyn Allen
Contact: 303-832-7777
Photo Credit: None Found
Website: Denver7
