Ritter Signs Tax Rate Freeze for Schools

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Denver (AP) Acknowledging it will probably be a major campaign issue next year, Governor Ritter signed a school finance bill that includes a property tax provision that opponents say is illegal.

The law is expected to raise an estimated $1.7 billion for education over 11 years by freezing property tax rates in districts with relatively low tax rates, blocking any declines for the foreseeable future.

In some districts with the highest rates, the property tax rate would be reduced.

Opponents, including Republican legislative leaders, say it amounts to a tax increase and that the state constitution requires it be put to a statewide vote, rather than simply be passed by the legislature and signed by the governor.

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