HomeMy WebLinkAboutresolution.council.099-00 RESOLUTION NO. ~
Series of 2000
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ASPEN, COLORADO
OPPOSING "TAXCUT 2000" ON THE
NOVEMBER, 2000 STATEWIDE BALLOT
WHEREAS, the City Council of the City of Aspen, Colorado, a home-rule municipality,
wishes to officially oppose Colorado's "Taxcut 2000" Amendment, which will be before
the voters of the state in the November 2000; and
WHEREAS, the City of Aspen fmnly believes in representative democracy and citizen
participation in all forms of government; and
WHEREAS, the "Taxcut 2000" amendment is a long and confusing docmnent which will
result in chaos in goverrunent and years of expensive lawsuits designed to unravel the
misleading and poorly written language of the amendment; and
WHEREAS, "Taxcut 2000" would significantly change the ability of the State and local
governments to fund the cost of services provided to its citizens, especially those
governments which are dependent on property tax or State revenues. By reducing each
effected tax bill by $25 per bill, the amendment would essentially eliminate certain local
government funding sources over time. h~ cases where local govermnents have little
diversity in funding, loss or reduction of a significant revenue source could result in that
gnvemment's inability to prov/de essential services; and
WHEREAS, the Title Board estimates that the fiscal impact on property taxes in the State
of Colorado of this tax cut is approximately $114.4 million for tax bills due in 2002; and
WHEREAS, the State Department of Local Affairs (DOLA) estimates that the fiscal
impact on sales taxes from utility charges in Colorado is a decrease of approximately
$39.1 million in 2001; and
WHEREAS, the State Department of Local Affairs (DOLA) estimates that the fiscal
impact on sales and use taxes from motor vehicle sales in Colorado is a reduction of
approximately $38.9 million in 2001; and
WHEREAS, the Office of State Planning estimates that the fiscal impact on sales tax on
food in Colorado to be a reduction of approximately $142.9 million in 2001; and
WHEREAS, the State Department of Local Affairs (DOLA) estimates that the fiscal
impact from reduction in specific ownership taxes in Colorado will be approximately
$58.2million in 2001; and
WHEREAS, the State Department of Local Affairs (DOLA) estimates that approximately
$72 million of utility occupation and franchise tax in Colorado will lost in 2001 as a
result of"Taxcut 2000"; and
WHEREAS, the City of Aspen estimates a loss of revenue of approximately $550,000 in
2001, $850,000 in 2002, and $1,150,000 in 2003 from local sources if"Taxcut 2000"is
approved;
THEREFORE, be it resolved that the City Council of the City of Aspen encourages the
citizens of Aspen to oppose the amendment known as "Taxcut 2000".
Dated this 24t~ Day of July, 2000
I, Kathryn Koch, duly appointed and acting City Clerk do certify that the foregoing is a
tree and accurate copy of that resolution adopted by the City Council of the City of
Aspen, Colorado, at a meeting held July 24, 2000.
Kathry~. Koch, City Clerk