HomeMy WebLinkAboutresolution.council.083-20 RESOLUTION #83
(Series of 2020)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ASPEN,COLORADO,
IN SUPPORT OF AMENDMENT B, REPEALING THE GALLAGHER
AMENDMENT, A MEASURE ON THE NOVEMBER 2020 STATE BALLOT.
WHEREAS, Amendment B will be on the November ballot submitting to the registered
electors of the state of Colorado an amendment to the Colorado constitution to repeal the
requirement that the general assembly periodically change the residential assessment rate in
order to maintain the statewide proportion of residential property as compared to all other
taxable property valued for property tax purposes and repeal the nonresidential property tax
assessment rate of twenty-nine percent; and
WHEREAS, Amendment B would repeal the Gallagher Amendment of 1982 which limits the
residential and non-residential property tax assessment rates so that residential property taxes
equal 45% of the total share of state property taxes and non-residential property taxes equal
55% of the total share of state property taxes;and
WHEREAS, support for Amendment B strengthens the primary revenue stream used by the Aspen
School District, Colorado Mountain College and the Aspen Fire Protection District further
supporting services benefiting the citizens of our community;and
WHEREAS, a stabilized assessment rate for residential property will result in eliminating the
erosion of property tax revenue from residential property for local governments in many locations
in Colorado, including municipalities, counties, school districts and special districts; and
WHEREAS, support for Amendment B will resolve conflicts in the Colorado Constitution,
provide additional flexibility to lawmakers and help to stabilize local property revenues over
time.
NOW THEREFORE, BE IT RESOLVED that the City of Aspen Mayor and City
Council officially declares its support for Amendment B,the Gallagher Amendment Repeal and
Property Tax Assessment Rates Measure and for the reasons set forth in this Resolution urges
a YES vote on the November 3, 2020 state election.
INTRODUCED, READ AND ADOPTED by the City Council of the City of Aspen
on the 13 t day of October 2020.
Torre, Mayor
I, Nicole Henning, duly appointed and acting City Clerk do certify that the
foregoing is a true and accurate copy of that resolution adopted by the City Council
of Aspen, Colorado, at a meeting held October 13, 2020.
Nicole Henning, C Clerk