Approval of the issuance of bonds payable from the sales and extended use tax on the resilience and safety of community culture
What he asks: “Should the debt of the City of Boulder be increased to $ 110,000,000 (principal amount) with a maximum repayment cost of $ 158,000,000 (this amount being the total principal and interest that may be payable)? over the maximum lifetime of the debt) to be paid only from the extension of the sales tax and the use of community, culture, resilience and security of 0.3% ( formerly known as the Community, Culture and Security Tax), if approved separately; this debt must be sold when and in the manner and contain the conditions, not inconsistent with the present, that the municipal council may determine, the proceeds of this debt and the income thereon being used to finance capital improvement projects from the city and non-profit organizations projects that serve block people payable from such sales and the extension of user taxes including, among others: maintaining and improving multimodal roads and tracks; replace severely deteriorated sign posts; replace the central avenue bridge; improve the Boulder Creek Trail Corridor; implement improvements to Boulder Civic Area Phase 2 / Central Park; complete construction of Fire Station 3; relocate or rebuild fire station 2 or fire station 4; purchase emergency vehicles for Boulder Fire-Rescue to provide advanced life-saving assistance; renovating the East Boulder Recreation Center; acquire a public lighting system and convert it to LED lighting; refresh the Pearl Street Mall; or used to fund other city capital improvement projects and non-profit organization projects otherwise payable from said sales and use tax; and in this regard, will any income from investing the proceeds of such debts constitute a change in income approved by the voters and an exception to the income and expenditure limits of Article X, Section 20 of the Colorado Constitution? “
What this means: Boulder is calling on voters to allow the city to issue bonds so that funds from the city’s infrastructure tax extension can be used immediately. This measure depends on the adoption of the 2I ballot issue – community, culture, resilience and security tax.
What the supporters are saying: Representatives of businesses in the University Hill area have lent their support, as part of the funds could be directed towards capital projects they hope will come to an end, such as the event’s street closure on the Hill.
What the opponents say: Some residents have asked the city to increase the percentage of the tax that will be allocated to the grant pool for nonprofit community projects from 10% to 20%, highlighting the importance of arts and culture in the community. and the impact of the COVID-19 pandemic. on local associations.