Denver mayor unveils new sales tax proposal to pay for more affordable housing

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Denver city leaders plan to propose a 0.5% sales tax increase to generate around $100 million annually for affordable housing projects. The tax aims to address the housing crisis in Denver, where surging prices have made it unaffordable for many. If approved, the tax would support the development of 44,000 additional housing units over the next decade. The proposal is part of efforts to provide more affordable housing options for residents, with exemptions for necessities like groceries and medicine.

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