A citizen’s initiative was presented to the Salida City Council that would amend occupational taxes on short-term rentals.
The proposed tax will be used to help combat affordable housing issues in Salida and money collected will be placed in the City’s housing fund.
The City Council approved a resolution to place the citizen’s initiative on the November 7th ballot.
The ballot title reads, “An initiated amendment to the City Code, to impose an occupation tax on short term rental operations in the City, in lieu of an otherwise applicable tax on renting rooms and accommodations, which new tax would be in the amount of: (a) an annual payment of $540., to be paid by non-Chaffee County residents who own short term rental properties in the City, and (b) $5 per bedroom in a short term rental, for each night that the rental is occupied, with the proceeds to be used to promote affordable housing in the City.”
