“After rolling out their respective tobacco taxes in 2020, Pitkin County and Glenwood Springs have enjoyed a healthy amount of sales tax revenue off the purchase of tobacco and nicotine products locally. In Glenwood Springs, its voter-approved tobacco tax generated too much money, city officials have estimated. Although still finalizing 2020’s tobacco tax revenue, Boyd believed Glenwood Springs tax brought in $928,000 last year. Glenwood Springs’ tobacco tax levies $4 on each pack of cigarettes and a 40% tax on all other tobacco and nicotine products sold in the city. Because Glenwood Springs’ ballot question said the tax would collect up to $900,000 in 2020, in accordance with the Taxpayer Bill of Rights, or TABOR, the city must rebate the excess $28,000. According to City Attorney Karl Hanlon, city council members will ultimately decide how to rebate the $28,000 back into the community.”
BILL TARLING — Notice how they say they will think of a way to rebate $28,000 back to the community, and not back to the people they overcharged or the vapers they’re pushing back to smoking.
ARTICLE LINK: Tobacco tax provides big bucks to county, city coffers
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