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HomeMy WebLinkAbout1041 - OPPOSING proposed Amendment 52 to the Colorado Constitution concerning use of severance tax revenue for highways Boulder City Council RESOLUTION NO. 1041 A RESOLUTION OPPOSING PROPOSED AMENDMENT 52 TO THE COLORADO CONSTTTUTION CONCERNING USE OF SEVERANCE TAX REVENUE FOR HIGHWAYS FINDINGS The City of Boulder City Council finds as follows: 1. Amendment 52, a proposed amendment to the Colorado Constitution that concerns use of severance tax revenue for highways, has been placed on the statewide ballot for 2008, and 2. The City of Boulder suppoRS the collaborative process being led by the Colorado Transportation Finance and Implementation Panel, which has developed consensus proposals for addressing transportation needs on a statewide basis that recognize the existing state and regional planning processes and which is anticipated to be making specific recommendations to the governor and General Assembly for consideration at the next legislative session; and 3. Amendment 52 preempts this regional and statewide planning processes by constitutionally designating a funding mechanism and a priority corridor; and 4. Amendment 52 establishes a priority for allocating the new funds to I-70 but does not guazantee that the new money will be in addition to current funding for existing projects on I-70; and 5. To provide additional transportation funding, Amendment 52 diverts severance tax revenues that would otherwise be available under current law for projects to help meet growing water supply demand and infrastructure maintenance, as well as water conservation and other programs determined by the General Assembly; and 6. Amendment 52 places spending earmarks in the state constitution without an adequate public policy discussion and embeds another fiscal constraint in the state constitution; RESOLUTION The City of Boulder does hereby declare its opposition to, and urges a NO vote on, the ballot question known as Amendment 52, which will appear on the November 4, 2008 election ballot. ~ ~ Resolved this 7th day of October, 2008. / ~~',Z ~+V{' ~~it'j1" " / Mayor !//nG u~-(-~/h( Attest City C" lerk on beha/ Director of Finance and Record