Anatomy of a sales tax for homelessness

Where: Denver CO

B2 on the November ballot will increase Denver’s sales tax by 0.25%, making the total sales taxes 8.56%, up from 8.31%.

How much revenue would the homeless resource sales tax raise? An estimated $40 million per year

Is this a standalone measure to address homelessness? No, it would work with the current social impact bonds in Denver to address homelessness.

What do Denver’s social impact bonds for homeless resources fund?

• The Colorado Coalition for the Homeless and the Mental Health Center of Denver use police arrest data to identify people experiencing chronic homelessness
• This partnership helps identified chronic homeless in contact with housing and health, food, transportation, and legal and other support

Denverite | Business leaders are urged to say yes to raising the sales tax to address homelessness in Denver