DENVER — According to Gov. Jared Polis’ administration, the state’s top leaders and legislature are doing everything in their power to save Coloradans money. 

Following the governor’s 2022 State of the State Address, the administration released the following list of ways it plans to help Coloradans save money.

Reductions to property tax assessment rates will reduce property taxes for homeowners, farmers and ranchers and properties used for renewable energy productionRestaurants, bars and mobile food vendors were allowed to keep seven months of state sales tax collections during the pandemicCaterers, food service contractors, and hotel bars/restaurants were allowed to keep three months of state sales tax collections during the pandemicWe reduced health care premiums in the individual market by 24% through a new bipartisan state reinsurance programWe exempted small businesses from the business personal property taxWe capped the growth in homeowner’s property tax bills, allowing homeowners to defer paying increases over the capWe allowed businesses to claim expanded business loss deductionsAll children can now attend full day kindergarten for free so families no longer need to pay for a full day, saving parents hundreds of dollars each monthAll four-year-olds will be able to attend  preschool for free, saving families from the high cost of preschoolSmall and mid-size stores are now allowed to keep a higher percentage of their sales tax collections through a larger vendor fee and we’re proposing to increase it even more for small retailersWe authorized county treasurers to waive delinquent property tax penalties during the pandemicWe funded the Colorado Child Tax Credit for the first time, supplementing the federal credit and boosting the income of Colorado familiesWe doubled the state Earned Income Tax Credit, supplementing wages for workersWe exempted social security earnings from the state income taxReductions to the Colorado income tax rate approved by voters saves money for all families and businesses and the rate will be reduced again this year. The tax cut is fully paid for the tax cuts by eliminating loopholes and deductions ensuring funding for education and health service are not cutWe cut the cost of a state parks pass by more than half through the Keep Colorado Wild Pass starting in 2023We’ve added more days for people to use state parks for freeWe capped co-pays for insulinThe Governor signed legislation creating the Prescription Drug Affordability Board, which is tasked with lowering prescription drug costs for Colorado consumers.We provided one-time stimulus payments to Coloradans on unemployment experiencing economic hardships caused by the pandemicWe reduced vehicle registration fees and have proposed to reduce them furtherWe are expanding the availability of free tax preparation services for low income families to help them claim tax refundsWe saved conversion costs for businesses that convert to employee-ownershipWe’ve proposed reducing FAMLI premiumsWe’ve proposed reducing unemployment insurance premiums, which we expect will flow through to employees in the form of more hires and wage increasesWe’ve proposed reducing professional licensing costs for healthcare workersWe Increased the monthly amount for supplemental nutrition assistance We reduced the cost of applying to public colleges and universities We protected the property tax exemption for seniors and disabled veteransWe’ve proposed making it free to start a new business Coloradans will get a TABOR refund this year and likely in future yearsWe waived state liquor licensing fees We eliminated out-of-network surprise billing in health careWe created a by-Colorado, for-Colorado insurance option that will save people money on both the small group and individual marketsWe propose preventing an increase in drivers license fees We’ve provided free application days and reduced cost textbooks for students at public universities in ColoradoWe are quadrupling the College Opportunity Scholarship Initiative to make college more affordable for more studentsWe reduced tuition payments for child care through the child care assistance programWe created a low-cost retirement savings opportunity to help Coloradans save for retirementWe’re providing direct lending to Colorado Businesses to help them recover and expandWe closed corporate tax loopholes so that large out-of-state corporations pay more and passed the savings on to main-street businessesWe allowed businesses to benefit from state and local tax deductions (SALT) despite the changes in federal lawWe covered fees for more Coloradans to earn a high school equivalency or GEDWe provided free education and training opportunities for Coloradans to upskill, reskill and next skill to get a good job in our most in-demand industries, such as healthcare, IT, education, construction and manufacturing We provided free masks to students and teachersWe provided no-cost energy efficiency and renewable energy improvements in homes, reducing homeowners’ monthly energy billsWe’ve saved taxpayers by improving the energy efficiency of our schools, colleges and universities, and local government buildings We’ve helped farmers cut their energy costs through renewable energy and energy efficiency improvementsWe’ve reduced the cost of purchasing an electric vehicleWe’ve helped commercial buildings reduce their energy costs through the Colorado Commercial Property Assessed Clean Energy (C-PACE) program