Budget Home Center An evening to remember Yes on Referendum I

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Opinion
Daily Times-Call Election Editorials

Publish Date: 10/7/2006

Check yes on Ref E

Of all the measures on the Colorado ballot this fall, the one with the most clear-cut reason for approval is Referendum E.

Ref E extends the Senior Homestead Property Tax Exemption to 100 percent permanently disabled veterans.

It deserves a resounding vote of approval.

The measure is narrowly drawn ó it applies only to veterans who suffered combat injuries that have rendered them 100 percent disabled. The Veterans Affairs definition is used to determine eligibility, and in this case, it means an individual who needs special assistance in order to live.

In Colorado, 6,000 vets would be eligible; however, 3,000 of them live in nursing homes, and another 800 canít afford a home. That leaves 2,200 veterans who are 100 percent disabled and who live in homes they own.

The measure exempts 50 percent of the property tax on the first $200,000 of value of the home. The average benefit would be about $466 a year.

Because the state will reimburse counties, cities, school districts and special districts for the revenue loss, the cost to the average taxpayer will be about 25 cents.

While the benefit is small, it helps disabled vets stay in their homes. It is a small gesture of appreciation for the sacrifice that these veterans made on behalf of the country.

Voters are encouraged to approve Referendum E.


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