The Colorado Sun quoted Sherman & Howard public finance attorney Tiffany Leichman in an article that explores Initiative 50, the proposed cap on statewide property tax growth in Colorado, and the impacts it is having on the municipal bond market. In the article, Leichman discusses how municipal bond investors have responded to the proposed initiative since it has been certified for the forthcoming election in November, how it could affect future development, and legal arguments surrounding the proposed cap vis à vis existing and future local government debt.

Below is an excerpt from the article.

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­­­Municipal bond investors are threatening to leave Colorado if voters adopt a proposed cap on property tax growth, putting the state’s largest source of infrastructure funding for new development in jeopardy.

“We’ve seen investors starting to pull back from the Colorado market,” said Tiffany Leichman, a public finance specialist at Sherman & Howard.

“If that money dries up, development is essentially going to come to a halt.”

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Read the full article HERE. (Subscription required.)