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It’s official: Denverites will vote on largest dedicated sales tax in city history in November

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Voters will have their say on the largest dedicated sales tax in Denver’s history in November after the City Council on Monday referred a 0.5% tax hike aimed at greatly increasing the amount of affordable housing in the city to the ballot.

The 13-member council voted 9-4 to send the tax to voters. Now it is up to the residents of a city that has quickly become one of the least affordable housing markets in America to decide whether or not to add that half-percent on top of the city’s existing 8.81% effective sales tax rate.

“Now is the time to act,” Councilman Darrell Watson said before voting with the majority.

Read the rest of this story on TheKnow.DenverPost.com.



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