Loveland voters could eliminate the city's 3% tax on groceries this November, city warns of impacted services

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Loveland voters could eliminate the city's 3% tax on groceries this November, city warns of impacted services
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Russell Haythorn is a Denver7 Reporter.

LOVELAND, Colo. — With the price of food on the rise, there’s a movement in Loveland to give shoppers a little break on their grocery bills.

It's estimated the average family of four with two teenagers spent between $1,116 and $1,375 on groceries in August, according to the U.S. Department of Agriculture. The City of Loveland said it has no official position on the initiative, but it is sounding the alarm about the impact it would have on the city budget, saying Question 300 would result in a loss of more than $10 million in annual sales tax revenues.

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