COLORADO (KRDO) – Colorado state lawmakers have returned to work for a special session that began Monday morning.

The current topic: rising property tax rates and two major tax reduction initiatives that are scheduled to be voted on in November.

On the first day, MPs presented about a dozen draft bills, most of which revolve around a political compromise on property taxes, in particular a reduction in these tax rates.

Although many politicians believe that something must be done now, not all members agree with the proposed arrangements.

“We’re back here now to see what we can do to not only provide more immediate relief to some of these folks who are facing skyrocketing property tax bills, but also to create a sustainable bill and a predictable path forward,” said Democratic Rep. Marc Snyder.

This is the second special session in less than a year to address property taxes.

“Many programs that people rely on and that really benefit them in life would have to be rethought and may then be at risk,” Snyder said.

He is referring to Initiative 50, a proposed constitutional amendment to limit property tax increases to 4% statewide, and Initiative 108, which would reduce property taxes for homeowners and businesses by an estimated $2.4 billion.

“Colorado is not a one size fits all state. I really wish we would focus more on the individual,” Snyder said.

Some politicians say the solution lies in a bipartisan bill passed earlier this year. Others disagree.

“233 was a step in the right direction, but in reality it just reduced the property tax increase. So it still went up. And now I think we’re in a situation where it’s all or nothing, and we have to make that compromise,” said Republican Rep. Don Wilson.

Now lawmakers must decide whether to comply with Governor Polis’ wishes or leave the decision to Colorado voters in November.

The minimum time it takes to pass a bill in the Colorado legislature is three days, so this debate will last at least until Wednesday.