A proposal backed by Colorado Democrats to cut property tax rates while allowing the state to retain more excess tax revenue in the long term appeared to be decisively rejected by voters on Tuesday.
Unofficial results showed Proposition HH, referred to the 2023 ballot by Democratic majorities in the Legislature, garnering just 39% support out of more than 1.2 million ballots cast as of 9:30 p.m.
Advance Colorado, the conservative group that bankrolled opposition to the measure, called the result “good news for taxpayers.” A so-called dark-money group that is not required to disclose its donors, Advance Colorado contributed more than half of the nearly $2 million raised by the No on HH campaign. Two other right-wing dark-money groups, Defend Colorado and Ready Colorado, contributed nearly all of the rest.