City of Boulder 2B – Community, Culture, Resilience, and Safety Tax Debt Authorization

Issue 2B is paired with Issue 2A. Any money borrowed under 2B would be repaid “solely from the extension of the Community, Culture, Resilience and Safety sales and use tax of 0.3 cents, if separately approved.” If 2A does not pass, then there will be no funds for 2B.

Recommendation: DEBT

These uncertain economic times, as noted in the 2A write-up, may call for restraint on borrowing.

Website for the Yes Side
No known website – Info on a supporters’ website appreciated.

Website for the No Side
No known website – Info on an opponents’ website appreciated.


Approved Ballot Language
City of Boulder Ballot Issue 2B

COMMUNITY, CULTURE, RESILIENCE, AND SAFETY (CCRS) TAX DEBT AUTHORIZATION (TABOR)

SHALL CITY OF BOULDER DEBT BE INCREASED UP TO $262,000,000 (PRINCIPAL AMOUNT) WITH A MAXIMUM REPAYMENT COST OF UP TO $350,000,000 (SUCH AMOUNT BEING THE TOTAL PRINCIPAL AND INTEREST THAT COULD BE PAYABLE OVER THE MAXIMUM LIFE OF THE DEBT) TO BE PAYABLE SOLELY FROM THE EXTENSION OF THE COMMUNITY, CULTURE, RESILIENCE AND SAFETY SALES AND USE TAX OF 0.3 CENTS, IF SEPARATELY APPROVED; WITH SUCH DEBT TO BE SOLD AT SUCH TIME AND IN SUCH MANNER AND TO CONTAIN SUCH TERMS, NOT INCONSISTENT HEREWITH, AS THE CITY COUNCIL MAY DETERMINE, AND THE PROCEEDS OF SUCH DEBT AND EARNINGS THEREON BEING USED TO FUND CITY CAPITAL IMPROVEMENT PROJECTS AND NON-PROFIT PROJECTS THAT SERVE THE CITIZENS OF BOULDER PAYABLE FROM SUCH SALES AND USE TAX EXTENSION INCLUDING, AMONG OTHER THINGS: ROADS, PATHS, BIKE LANES, TRAILS, AND SIDEWALK ENHANCEMENTS; RECREATION CENTER RENOVATIONS AND REPLACEMENTS; SNOW AND ICE RESPONSE; PARKS AND PLAYGROUND REFURBISHMENTS; FIRE AND POLICE STATION RENOVATIONS AND REPLACEMENTS; CRITICAL BRIDGE REPLACEMENTS; AND OPEN SPACE TRAIL AND TRAILHEAD IMPROVEMENTS; AND IN CONNECTION THEREWITH, SHALL ANY EARNINGS FROM THE INVESTMENT OF THE PROCEEDS OF SUCH DEBTS CONSTITUTE A VOTER APPROVED REVENUE CHANGE AND AN EXCEPTION TO THE REVENUE AND SPENDING LIMITS OF ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION?

YES/FOR ___
NO/AGAINST ___

Ordinance 8711 to refer 2B to the voters
https://documents.bouldercolorado.gov/WebLink/DocView.aspx?id=194184&dbid=0&repo=LF8PROD2&_ga=2.162545212.141484268.1761719773-1093956677.1752467140