HomeMy WebLinkAboutProCon StatementCITY OF BOULDER
CITY OF BOULDER BALLOT ISSUE
NO. 2N
(i) Ballot Title and Text
SHORT-TERM RENTAL TAX
SHALL CITY OF BOULDER TAXES BE INCREASED BY
UP TO $400,000.00 ANNUALLY (IN THE FIRST FULL
FISCAL YEAR) AND BY WHATEVER AMOUNTS AS
MAY BE COLLECTED ANNUALLY THEREAFTER BY
THE IMPOSITION OF A SHORT-TERM RENTAL TAX
ON EACH LEASE OR RENTAL OF ANY DWELLING
UNIT, NOT ALREADY TAXED AS A HOTEL, MOTEL OR
OTHER PUBLIC ACCOMMODATION IN THE
AMOUNT OF SEVEN AND ONE-HALF PERCENT, TO
FUND ADMINISTRATION, ENFORCEMENT AND ALL
OTHER REASONABLE EXPENSES ASSOCIATED WITH
ADMINISTERING THE SHORT-TERM RENTAL
PROGRAM WITH ANY ADDITIONAL FUNDS GOING
TO CREATE AFFORDABLE HOUSING FROM JANUARY
1, 2016;
AND IN CONNECTION THEREWITH,
SHALL THE FULL PROCEEDS OF SUCH TAXES AT
SUCH RATES AND ANY EARNINGS THEREON BE
COLLECTED, RETAINED, AND SPENT, AS A VOTER-
APPROVED REVENUE CHANGE WITHOUT
LIMITATION OR CONDITION, AND WITHOUT
LIMITING THE COLLECTION, RETENTION, OR
SPENDING OF ANY OTHER REVENUES OR FUNDS BY
THE CITY OF BOULDER UNDER ARTICLE X SECTION
20 OF THE COLORADO CONSTITUTION OR ANY
OTHER LAW?
FOR THE MEASURE ___
AGAINST THE MEASURE ___
Fiscal Information for Ballot Issue ‐
Short Term Rental Tax
(ii) Estimated total District fiscal year spending for the current
year and actuals for each of the past four years, and the
overall percentage and dollar change.
Fiscal Year Dollar Spending
2011 Actual 179,758,000
2012 Actual 204,928,000
2013 Actual 200,710,000
2014 Actual 221,392,000
2015 Estimate 205,703,000
Overall Percentage Change
from 2011 to 2015 14.4%
Overall Dollar Change
from 2011 to 2015 $25,945
(iii) For the first full fiscal year of the proposed district tax
increase (2016), the district estimates that the maximum
dollar amount of the increase in the Short Term Rental Tax
will be $400,000 and that the district fiscal year spending
without the increase will be $220,126,000.
Summaries prepared from materials filed by persons
in favor of or opposed to the ballot issue:
Those in favor say:
No comments were received by the Statutory deadline of 5
PM on September 18, 2015.
Those opposed say:
• If you are renting or own a residence, especially a single
family, if this passes you could soon be living next to or in
a motel.
• If the thought of up to 365 visitors a year coming and
going next door, perhaps several on your block, doesn't
seem appealing, the only way to stop it is to vote no on
this tax.
• If this tax doesn't pass short term rentals will be illegal,
as they currently are. Short term rentals are about profit,
not sustainability. It's about the owners benefits: not the
neighbors, not the community, and not affordable
housing, it's about money.
• Let's not make profit Boulder's highest value. Let's not
let the dollar signs stop us from goals of affordable
housing and livable communities and neighborhoods.