HomeMy WebLinkAboutresolution.council.073-98 RESOLUTION NO. 73
Series of 1998
DECLARING THE ASPEN CITY COUNCIL'S SUPPORT FOR REFEREMDUM B, THE
RETENTION OF EXCESS STATE REVENUES, ON THE STATEWIDE NOVEMBER 3,
1998 GENERAL ELECTION BALLOT.
WHEREAS, Colorado has many unmet transportation and education capital construction
needs; and
WHEREAS, the State of Colorado is expected to collect up to $2.5 billion of TABOR excess
revenues over the next 5 years; and
WHEREAS, Colorado is required to refund these revenues unless voters give permission to
retain and spend a specified amount; and
WHEREAS, this proposal would allow up to $1 billion to be invested, leaving an estimated
$1.5 billion to be refunded; and
WHEREAS, this proposal would allow growth-related revenues to be used to fund growth-
related problems; and
WHEREAS, a statewide transportation system that adequately moves people and goods is key
to Colorado's economic health and quality of life; and
WHEREAS, there is a well-documented transportation funding shortfall of $5 billion at the
local level and $4.5 billion at the state level over the next 20 years; and
WHEREAS, a statewide ballot initiative to authorize the use of up to $200 million a year for 5
years of excess state revenues to help address transportation and education capital construction
needs is on the November 3, 1998 ballot; and
WHEREAS, 50% of these revenues would be used for transportation, 30% for K-12 school
construction and 20 % for higher education construction; and
WHEREAS, the City would receive a direct share of these revenues in an estimated amount of
up to $173,569 over the five year period; and
WHEREAS, the City has extensive unmet transportation maintenance and capital needs; and
WHEREAS, this revenue could help address these needs by providing additional funding for
the City's planned increase in street maintenance; and
WHEREAS, the measure would enable acceleration of the critically needed state project
improvements to State Highway 82;
NOW THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ASPEN
COLORADO:
SECTION 1. That the City of ASpen supports Referendum B, The Retaining Excess State
Revenues ballot measure, because if provides needed revenues to the state and local
transportation systems as well as for K-12 school construction and higher education
construction.
SECTION 2. That the City encourages its citizens to become fully informed about the
Retaining Excess State Revenues ballot proposal and the transportation imProvements that
would be funded with these revenues in the City of Aspen, the region, and the state before
voting on November 3.
SECTION 3. That the City encourages its citizens to vote "YES" on the Retaining Excess
State Revenues ballot proposal.
INTRODUCED, REA~]~ AN~D ADOPTED by the
/~ _ day of ~ - , 1998. City Council of the City of Aspen on the
I, Kathryn S. Koch, duly appointed and acting City Clerk do certify that the foregoing
is a true an accurate copy of that resolution adopted by the City Council of the City of Aspen,
Colorado, at a meeting held on the day hereinabove stated.