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TOWN COUNCIL PASSES RESOLUTION OPPOSING AMENDMENTS 60 AND 61 AND PROPOSITION 101

TOWN OF FRISCO

COUNTY OF SUMMIT

STATE OF COLORADO

RESOLUTION 10-17

A RESOLUTION OPPOSING PROPOSITION 101 AND AMENDMENTS 60 AND 61, URGING THE VOTERS OF FRISCO TO VOTE AGAINST THESE PROPOSITIONS AND AMENDMENTS AND URGING THEM TO EDUCATE THEIR  FAMILY AND FRIENDS ON THE NEGATIVE IMPACTS THEY WILL HAVE ON THE STATE OF COLORADO.

 WHEREAS, Frisco and state voters will have the opportunity at the November 2 statewide general election to protect the fiscal health of local governments by defeating Proposition 101, Amendment 60 and Amendment 61; and

 WHEREAS, Proposition 101 will force cuts to education, transportation and other state services hurting the quality of life and the state’s workforce; and 

WHEREAS, Proposition 101 would cut the state’s operating budget by $1.6 billion affecting funding for schools, colleges, prisons, firefighters and police and water and sewer systems; and

 WHEREAS, Proposition 101 would hurt the ability of local governments to maintain already inadequate roads and bridges and provide public transportation by cutting the state transportation budget by 28%; and

 WHEREAS, Amendment 60 limits property taxes causing a reduction in school funding projected at $1.87 billion dollars annually; basically requiring that all lost local funds be replaced by state dollars; eliminating any taxes exceeding the published amount in any voter approved tax increase, and requiring that local government pay for all costs and attorneys fees when sued; and

 WHEREAS, Amendment 60 repeals the current voter-approved authority of local governments to permanently keep property taxes above their constitutional limits, essentially reversing the citizens of Frisco vote to keep said funds (“De-Bruce”); and

 WHEREAS, Amendment 60 will require the state to cut funding for important services resulting in job losses throughout the state; and

 WHEREAS, Amendment 60 requires the state to compensate schools for the loss of property tax funding, resulting in reducing or eliminating other state functions in order to comply; and

 WHEREAS, Amendment 60 may leave many citizens worse off financially as many entities will have to increase fees to compensate for their loss of tax revenue; and

 WHEREAS, the ability to finance long-term capital improvements like required water and wastewater treatment plants, recreational projects, fire stations, and other public facilities are dramatically impaired by the restrictions on debt financing as proposed by Amendment 61; and

 WHEREAS, Amendment 61 would eliminate the state’s ability to incur debt and impose a debt limit on local government of 10% of assessed taxable value of real property which limits borrowing for necessary projects; requires a reduction in current tax rates as bonds or other borrowings are repaid even when said borrowing is not paid from tax revenues; and places a ten-year limit on future bonded debt causing amortization on large borrowings to become compressed; and

 WHEREAS, Amendment 61 will place the full burden of paying for state infrastructure on today’s taxpayers instead of using smart planning and sharing the cost with future residents who still benefit from the improvements; and

 WHEREAS, Amendment 61 will make it extremely difficult for our local school districts to attain the no-interest short term loans that they use to keep their schools up and running while waiting for property tax revenue in the spring; and

 WHEREAS, these measures individually and collectively significantly reduce or otherwise restrict both state and local revenues in a number of different ways including but not limited to: specific ownership taxes, telecommunication taxes, state income taxes, state-shared revenues to assist municipalities with local street and transit improvements, other state grants and loans to help local government, and property taxes; and

 WHEREAS, the following services and programs in the Town of Frisco will be limited or curtailed because of the numerous restrictions and revenue reductions proposed by these three measures including the school district, street maintenance, water and sewer enterprises and special districts; and

 WHEREAS, the reduction in tax revenue to the state would likely cause Colorado’s small businesses and rural businesses to be inundated with significant fee increases and licensure to bridge the gap of the $4.2 billion deficit; and

 WHEREAS, the loss of state funding will cause a severe loss of jobs, the majority being private sector jobs in transporta­tion, health care and construction. This is in addition to the 110,000 jobs already lost in Colorado due to the recession; and

 WHEREAS, a number of prominent individuals, newspapers, and organizations are voicing opposition to these measures as not being in the best interests of Colorado and of local communities; and

 WHEREAS, provisions of state law do allow the Town of Frisco to put forth this resolution as a statement of opposition to the measures known as Proposition 101, Amendment 60, and Amendment 61;

 NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF FRISCO, COLORADO THAT:

 The Town hereby expresses its vigorous opposition to Proposition 101 and Amendments 60 and 61 and urges the voters of Frisco to vote against these propositions and amendments and to urges them to educate their family and friends on the negative impacts they will have on the state of Colorado.

 INTRODUCED, READ AND ADOPTED BY THE TOWN COUNCIL OF THE TOWN OF FRISCO, COLORADO THIS 24th DAY OFAUGUST 2010.

For more information regarding the ballot measures please follow the links to the power point presentation and memo that were presented to the Town Council.

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