Title
A Resolution Submitting To The Registered Qualified Electors Of The City Of Colorado Springs, Colorado, At The Coordinated Election Conducted By Mail Ballot To Be Held On Tuesday, November 5, 2024, The Question Of Extending For Ten (10) Years The Existing 0.57% Temporary City Sales And Use Tax For Road Repairs And Improvements Within The City, As A Continuation Of A Voter-Approved Revenue Change; Providing For The Form Of The Ballot Title And Text; Providing For Certain Matters With Respect To The Election; And Providing The Effective Date Of This Resolution
Presenter:
Yemi Mobolade, Mayor
Travis Easton, P.E., Deputy Chief of Staff - Infrastructure and Development
Richard Mulledy, PE, Public Works Director
Gayle Sturdivant, PE, PMP, Deputy Public Works Director/City Engineer
Body
Summary:
This Resolution refers a ballot question to the qualified registered electors of the City at the November 5, 2024, coordinated election which also constitutes a special municipal election. The ballot question asks the voters whether the temporary City sales and use tax levy (rate) for road repairs and improvements shall be extended for a ten-year period at a rate of 0.57%, to be used solely for road repairs and improvements. The additional road segments intended for repair or improvement are attached to the Resolution as Exhibit "A". The continuation of the tax would raise an estimated annual average of $70 million during the period of the extension. The amount of revenue raised in the extended period would be a voter approved revenue and spending change exempt from otherwise applicable revenue/spending limitations under City Charter ? 7-90 and Article X, ? 20 of the Colorado Constitution. The Resolution also directs City staff to do all things required in connection with having the ballot measure presented to the voters.
Background:
Under City Charter ? 7-90(d)(1) and Colo. Const. Art. X, ? 20(4)(a), an extension of an expiring tax must be presented to ...
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