Less than one year after Loveland residents overwhelmingly voted to eliminate sales tax on most groceries, a shortfall in the city’s budget has now led to some residents asking for a new sales tax to be created. The tax cut, which only applied to groceries purchased for at-home consumption, has now resulted in the city losing millions of dollars in revenue.
As CBS News Colorado reported in the fall of 2023, the city warned residents that approving the tax cut would force funding to city services to be cut. The city’s planners forecasted that the budget lost would not be deducted from public safety services like police and fire. However, they predicted that entities like the city’s parks and recreation and libraries could face cuts.
Now, less than a year later, some say that is exactly what is happening.
The city confirmed to CBS News Colorado that they have started their planning phase for a reduced services budget in 2025 as a result of a budget shortfall.