Boulder, CO considers more equitable climate and utility occupation taxes targeting businesses
Boulder, CO equitable climate and utility occupation taxes
The City of Boulder is considering replacing climate and utility occupation taxes with a new single tax that combines electricity and gas bills. If approved, the new tax would supply the city's climate initiatives with $5 million in funding annually. Climate staffers used the city's six-step Racial Equity Instrument to determine a rebate mechanism for qualifying low-income residents was needed and that the tax should focus primarily on commercial and industrial businesses.
Newsworthy
Boulder eyeing new tax to replace current climate and utility occupation taxes
Boulder is considering repurposing its climate and utility occupation taxes into a new tax that would bring in $5 million annually for climate initiatives.
Boulder seeks new climate tax to protect the city against extreme weather
Plans are underway for a November ballot measure modifying the city’s existing climate taxes on electricity consumption and utility bills.
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