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 3, 2015, the question of retaining and spending up to $2,100,000, the estimated 2014 fiscal year revenue above the 2014 fiscal year revenue and spending limitations, as 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.
Body
From:
Mayor John Suthers
Summary:
This Resolution refers a ballot question to the qualified registered electors of the City at the November 3, 2015 coordinated election which also constitutes a special municipal election. The ballot question asks the voters whether the City may retain and spend up to $2.1 million in revenues received by the City during fiscal year 2014 which exceeded the amounts otherwise allowed to be retained and spent under the City Charter ? 7-90 and Colorado Constitution Article X, ? 20, known as the Taxpayers' Bill of Rights or "TABOR", provided that the funds may only be used for the repair, renovation and improvement of existing priority multi-use park trails in the City. The Resolution also directs City staff to do all things required in connection with having the ballot measure presented to the voters.
Previous Council Action:
The concept of asking the voters for authorization to retain and spend the so-called TABOR excess revenue for parks trails has been discussed by Mayor Suthers and City Council beginning on June 12, 2015.
Background:
Under Charter ? 7-90 (g), the City's authorized change in fiscal year spending is limited to inflation plus City growth, and any voter approved changes. Under Colo. Const. Art. X, ? 20 (7) (b), City spending is similarly limited to inflation plus local growth and any voter approved revenue changes. The Fin...
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