The TOSC Board of Directors voted to support 2A on the November ballot. 2A asks voters to allow the City to retain and spend all revenue received in 2019 and 2020 in excess of TABOR limitations, and reset the revenue and spending limitations for future years to avoid the “ratchet down” effect.
2A asks, without increasing taxes to:
· Retain and spend up to $1.9 Million collected over the 2019 TABOR cap solely on Public Safety
· Collect, retain and spend the full amount of City revenues received from all sources in 2020
· Collect, retain and spend the amount allowed by TABOR in 2021 and future years, based on the total 2019 revenue and 2020 property tax revenue, adjusted in each year for inflation and city growth, thus continuing to limit future revenue growth
City officials say this would allow City services to be reinstated as the economy recovers and the City budget to reach 2019 levels in 2022. If voters approve this proposal, the City’s finances can recover in half the time it would take otherwise.
Why does TOSC care? When the economy declined in 2008, the parks budget was gutted. Major staff cuts took a toll on maintenance. Trees and turf were no longer watered. The resulting damage was enormous and expensive to remedy. Our parks, trails and open spaces suffered as a result. We have no doubt, if 2A fails, we will again face major cuts to our parks. Limited budget dollars will first go to public safety and other city needs considered more critical.