InitiativesRetail

Tax Increase for Colfax Avenue Improvements Approved

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Business owners along East Colfax Avenue have voted in favor of a 40 percent Business Improvement District tax rate hike, aimed at carrying out the district’s improvement plan for the area¬†between East 16th and East 14th avenues and from Grant Street to Josephine Street.

The proposal was leading by 34-17, with several votes yet to be counted.

Though the change is a 40 percent increase in the BID’s levy, it amounts to less than 4 percent of a typical business’ total property tax obligation.

 

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