Ahead of a Colorado Chamber of Commerce announcement on the impact of new taxes, the Denver-based Common Sense Institute added up the costs in an analysis obtained by Colorado Politics Monday morning.
Whether they are fees, which the legislature can authorize, or taxes that must be approved by voters, current proposals would ring up $1.8 billion a year in each of the next three to five years, analysts estimated.
While that s good for state government, it will be a strain for recovering businesses, experts are expected to say at a Tuesday press conference.
The white paper breaks down the cost of each individual proposal.
The National Federation of Independent Business released on March 4 its monthly Jobs Report, which found 56 percent of small business owners reported hiring or trying to hire in February,
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Gov. Jared Polis wants the Colorado Legislature to eliminate the business personal property tax, stop taxing Social Security benefits and provide a $600 tax credit for every child in the