4440FDDEA82ACCAB872582C9005E74F1 Hearing Summary CLICS/CLICS2018A/commsumm.nsf PUBLICBILL SUMMARY For IMPACT OF RESIDENTIAL ASSESSMENT RATE ON PROP TAX REVENUEINTERIM COMMITTEE ALTERNATIVES TO THE GALLAGHER AMENDMENT INTERIM STUDY COMMITTEEDate Jul 13, 2018 Location HCR 0112 Impact of Residential Assessment Rate on Prop Tax Revenue - Committee Discussion Only Attachment Tag File Name Attachment http://www2.leg.state.co.us/CLICS/CLICS2018A/commsumm.nsf/0/7E79502C0795...$File/180713 AttachF.pdf?OpenElement 180713 AttachF.pdf 11:11:46 AM Byron Pelton, Logan County Commissioner, discussed the impact of the Gallagher Amendment on county financing. He provided an handout to the committee (Attachment F). 11:14:24 AM Ben Tisdel, Ouray County Commissioner, discussed the impact of the Gallagher Amendment in rural areas. 11:14:58 AM Commissioner Pelton responded to questions from the committee regarding local awareness of issues raised by the restrictions of the Gallagher Amendment. 11:21:27 AM Commissioner Tisdel discussed the likelihood of passing local ballot measures to address funding conflicts. 11:23:55 AM Ann Terry, Special District Association, discussed the concerns specific to special districts related to the Gallagher Amendment. She provided a handout to the committee (Attachment G). Attachment G 11:33:50 AM Al White, Fraser Valley Metropolitan Recreation District, talked about the impact of a descreased residential assessment rate on the district. 11:36:29 AM Ms. Terry responded to questions from the committee. 11:38:13 AM Senator White discussed the difference between commercial property tax revenues in rural areas and the Front Range. 11:39:48 AM Committee discussion continued regarding the changes over time to the residential assessment rates and how Gallagher, TABOR, and Amendment 23 requirements have created the current concerns over decrease in local government revenue. 11:51:06 AM Don Lombardi, West Metro Fire Protection District and the Colorado State Fire Chiefs, discussed concerns of local fire districts related to reductions in the assessment rate. 11:55:04 AM Stuart Mills, Larkspur Fire Protection District, discussed the impact of a reduction in the residential assessment rate on a small fire district. 12:06:28 PM Chief Lombardi responded to questions from the committee. 12:10:08 PM The committee recessed.