Election Guide 2016: Referendums 2A, 2B, 2C — Town of Hayden asks to increase taxes
Rederendum 2A, 2B, 2C
Shall the town of Hayden debt be increased $4,000,000, with a maximum repayment cost of up to $5,200,000 to be repaid from available moneys in the town's general fund and, to the extent the available moneys in the town's general fund are not sufficient for such repayment, shall the town's ad valorem property taxes be increased by up to $350,000 annually for such repayment, all for the purpose of constructing street improvements (including without limitation designing, engineering, paving and constructing streets and roads, street lights, storm water, drainage, pedestrian and landscaping improvements, and necessary and incidental modifications to and extensions of utilities) by the issuance and payment of general obligation bonds, which bonds shall be dated and sold at such time, and at such prices (at, above or below par) and containing such terms, not inconsistent herewith, as the town council may determine; shall ad valorem property taxes be levied without limit as to the mill rate to generate an amount sufficient in each year to pay the principal of, premium if any, and interest on such debt; and shall such tax revenues and the earnings on the investment of the proceeds of such bonds (regardless of amount) constitute a voter-approved revenue change?
Shall the town of Hayden mill levy rate utilized to compute the amount of real estate taxes be increased from 25.067 to 32.587 resulting in an estimated $142,714.45 annually in first full fiscal year commencing January 1, 2017 and by whatever additional amounts are raised annually in each subsequent year; and shall the full proceeds of the mill levy at such rate and any earnings thereon be collected, retained, and spent, as a voter-approved revenue change without limitation or condition, and without limiting the collection, retention, or spending of any other revenues or funds by the town of Hayden under Article X, Section 20 of the Colorado Constitution or any other law?
Shall the town of Hayden sales tax rate be increased from four percent (4.0%) to four and one half percent (4.5%) resulting in an estimated $105,349.00 annually in first full fiscal year commencing January 1, 2017 and by whatever additional amounts are raised annually in each subsequent year; and shall the full proceeds of such tax at such rate and any earnings thereon be collected, retained, and spent, as a voter-approved revenue change without limitation or condition, and without limiting the collection, retention, or spending of any other revenues or funds by the town of Hayden under Article X, Section 20 of the Colorado Constitution or any other law?
Steamboat Springs — Hayden residents will consider three ballot questions that will increase taxes to raise more general funds for the town and to fund street improvements.
Referendum 2A is asking voters to approve a bond for street improvements. Referendum 2B is asking voters to raise property taxes. Referendum 2C proposes a half-percent sales tax increase.
The purpose of 2B and 2C is to raise enough funds to make up for a loss in property tax revenue, attributable to the ratcheting down effect from the Taxpayers Bill of Rights. It has resulted in about $250,000 less annually for the town.
In recent years, the town has been spending more than it takes in. Acting town manager Greg Tuliszewski said they have saved money this past year because a permanent town manager was not hired, but the town is expected to go through its savings by 2018.
“We bought a year,” Tuliszewski said. “That’s basically what it comes down to.”
The town has yet to see any tax revenues from marijuana-growing operations because they are not operating yet. If the town gets tax revenue from marijuana-growing operations in the future, it could lessen the tax burden on residents, Tuliszewski said.
2B asks residents if they would support raising property taxes from 25.067 mills to 32.587 mills resulting in an estimated $142,714.45 annually. The town has not increased property taxes in more than 25 years.
Based on 2015 property valuations, a resident would pay an additional $59.86 annually per $100,000 of assessed valuation.
2C asks residents to raise the sales tax from 4 percent to 4.5 percent resulting in an estimated $105,349.00 annually for the town.
2A asks voters if they support the financing of a bond to pay for up to $4 million in street improvements. The town has been planning the improvements in recent years and is now asking residents to pay for them over a 15-year period.
A resident would pay an additional $135.55 each year per $100,000 of assessed property value. Marijuana tax revenues could reduce this tax burden in future years.
Tuliszewski said street maintenance has been put off for years, and if improvements are not made, some of the town’s paved roads would have to be converted to dirt roads.
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