(CBS4) - The amendment to repeal the Gallagher Amendment, a state constitutional measure passed in 1982, has been approved in Colorado. Under Gallagher, non-residential property taxes have made up a larger share of overall revenue than residential through a complex formula. But, as home values have soared, residential rates have been slashed to maintain the ratio and, because of another constitutional amendment -- The Taxpayer Bill of Rights or TABOR -- the cuts have been permanent. That's been painful in rural areas where commercial properties make up a small percent of the tax base. It has had a big effect on fire departments, police departments, hospitals, K-12 education and other services. ELECTION RESULTS: See updated results from the 2020 general election in Colorado A television ad ran on the airwaves this fall that encouraged Colorado voters to vote yes, and CBS4's Reality Check report on it determined that it had some spin. You can see that report below:
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