Yesterday was the first day of the court hearing on the lawsuit by the Independence Institute (where I work) and Colorado taxpayers against Gov. Bill Ritter's unconstitutional property tax increase. Today's Denver Post explains a key issue behind the plaintiffs' argument:They noted that in 1993, the General Assembly amended the School Finance Act to ensure that the property taxes raised for the local share of total program funding for public-school education in each school not violate the revenue cap of the Taxpayer's Bill of Rights. But with passage of the 2007 amendment, Ritter used it to freeze mill-levies, the opponents charged. The freeze holds mill levies — the rate at which taxes are charged — in place when they normally … [Read more...]