Apartment Trends Magazine June 2019 | Page 34

down the industry, costing millions in tax revenue and thousands of jobs. The bill was introduced and passed quickly in the Senate, as the drama of the court case regarding reading bills at length loomed underneath. This may be considered the 2019 low. Once the bill passed on a party- line vote, the House Speaker, while moving quickly, was still able to amend the bill in a number of ways that gave some more certainty to the industry. The end result was better than the introduced version, but those in the industry are still nervous about what lies ahead. For now, the ballot wars that voters of Colorado have seen over the last number of years seem to have ceased. Only time will tell if that remains true. TABOR REFORM Colorado's infamous Taxpayers Bill of Rights (TABOR) caps the amount of money the state can spend each year to the current budget plus growth and inflation. Any extra revenue is must be returned to taxpayers. One bill passed that will ask voters on the November ballot to let the state keep any surplus. A companion bill passed that would allow the state to keep the excess revenue and split the extra funds equally between transportation, K-12 education and higher education. PAID FAMILY LEAVE This was one of the more hard-fought pieces of legislation during the session. With almost every single business group in the state opposing the bill as introduced, the end-result of the legislation is one of the few issues where the business community's message resonated with enough legislators to effectuate change and the bill was reworked. In the end, the bill was completely rewritten from establishing a billion-dollar-government insurance program and mandating very specifically what that must look like to instead establishing a task force to study the issue of implementing a mandatory state family leave program. The legislation as introduced would have affected every single Colorado worker and employer, mandating they pay into the system, regardless if there were alternative benefit plans that were equal or better. Raising issues of concern including the price tag needed to pay for implementation of the program, the length of time of leave (12-16 weeks), utilization forecasts and how to maintain solvency won in the end. The original concept required the state to collect a premium on each person's paycheck; with employees and employers sharing the cost 60-40 (50-50 as introduced). The task force must do numerous analyses, including actuarial and feasibility studies, and come back next year with recommendations for new legislation that will implement such a program. CLIMATE CHANGE House Speaker KC Becker introduced and passed legislation setting specific targets for reducing greenhouse gas emission in Colorado. The goal is to reduce output 30 percent by 2030 and 90 percent by 2050, compared to 2005 levels. The legislation faced opposition in the State Senate but ultimately went through on a narrow vote. Colorado regulators will begin rule making on establishing goals over the summer/fall. “Bravo, Mop Stars!” “Phenomenal Service.” “All we can say is WOW!” “I’m Ecstatic to have crossed paths with you.” “I am thrilled to have you guys and beyond thankful.” Keeping the World Safe from Lawyers, one Trip Hazard at a time! LOCALLY OWNED AND OPERATED SINCE 2003 AFTER TRIP HAZARDS EXIST: In sidewalks, driveways, curbs, pool decking, around tree roots, drainage areas… Common Areas Turnover Cleans Special Projects “Increase Tenant Satisfaction & SAVE up to 80% of project costs by SIDEWALK SHAVING, NOT REPLACING.” CONCRETE REPAIR EXPERTS General Concrete • Crack Repair / Caulking • Protective Coatings 303.287.1959 • AtlasConcreteSolutions.com Guy Peters (720) 481-0435 [email protected] 32 | TRENDS JUNE 2019 www.aamdhq.org