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HomeMy WebLinkAbout1356 - A RESOLUTION INDICATING THE CITY OF BOULDER’S SUPPORT FOR 7A, A MEASURE APPEARING ON THE NOVEMBER 5, 2024 BOULDER COUNTY BALLOT CONCERNING EXEMPTION OF THE REGIONAL TRANSPORTATION DISTRICT FROM TABOR REFUNDSRESOLUTION 1356 A RESOLUTION INDICATING THE CITY OF BOULDER’S SUPPORT FOR ISSUE 7A: A MEASURE APPEARING ON THE NOVEMBER 5, 2024 BOULDER COUNTY BALLOT CONCERNING EXEMPTION OF THE REGIONAL TRANSPORTATION DISTRICT FROM TABOR REFUNDS. THE CITY COUNCIL OF THE CITY OF BOULDER, COLORADO FINDS AND RECITES THAT: 1.The Regional Transportation District (“RTD”) board of directors has submitted a question to the eligible electors of RTD at an election to be held on November 5, 2024. This ballot measure (designated as 7A) provides that, without imposing any new tax or increasing any tax rate, RTD is authorized to continue to collect, retain and spend all revenues it receives from whatever sources without regard to the limitations set forth in the Taxpayer’s Bill of Rights (“TABOR”) in Article X, Section 20 of the Colorado Constitution. 2.In 1999, voters exempted RTD from TABOR’s revenue and spending limitations through the period required to pay certain bond debt. RTD will pay off this bond debt in November 2024, which will subject much of RTD’s TABOR-applicable revenue, except the .4% sales and use tax levied for RTD’s FasTracks Project to TABOR’s growth limitations beginning in 2025. 3.TABOR growth limitations will limit the annual allowable growth in RTD’s revenue collection beginning in 2025. Revenue collected in excess of these TABOR limits must be returned to taxpayers. 4.RTD provides critical services as a public transit provider for Boulder as well as part or all of eight counties and 31 municipalities in the Denver-Boulder metro area. 5.Public transit and the services provided by RTD are critical to meeting many of our region’s and state’s goals, including (1) providing affordable, equitable transportation options that advance access to opportunity by providing access to jobs, school, medical appointments and other services; (2) contributing to the county’s and state's efforts to achieve their air quality, climate, and affordable housing goals; (3) providing affordable transportation options for seniors, people with disabilities and lower income residents. 6.Public transit is 10 times safer than traveling by car. RESOLUTION: The Boulder City Council hereby supports and urges a YES vote on measures 7A which will authorize RTD to continue to collect, retain and spend all revenues it receives from whatever sources without regard to the limitations of TABOR. ADOPTED this 10th day of October 2024. Aaron Brockett, Mayor Attest: ________________________ Elesha Johnson, City Clerk ________________________ CITY OF BOULDER, COLORADO