VATupdate

Denver passed a sales tax for climate. Is it working?

Denver residents in 2020 voted to boost local sales tax by 0.25 percent to raise a projected $40 million annually for climate spending, with half of those funds going to lower-income communities (Climatewire, Nov. 4, 2020).

The increase took effect in January 2021. In the months since, it’s raised a whopping $67 million, some of which already is flowing into projects such as green workforce development programs and the Montbello ride-share service.

Source: eenews.net

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