HomeMy WebLinkAboutMemo - Mail Packet - 2/27/2024 - Memorandum From Travis Storin And Ginny Sawyer Re: Work Session Summary, February 13, 2024 – Tax Renewals
City Manager’s Office
City Hall
300 LaPorte Ave.
PO Box 580
Fort Collins, CO 80522
970.221.6505
970.224.6107 - fax
fcgov.com
WORK SESSION MEMORANDUM
Date: February 20, 2024
To: Mayor and City Councilmembers
Through: Kelly DiMartino, City Manager
Tyler Marr, Deputy City Manager
From: Travis Storin, Chief Financial Officer
Ginny Sawyer, Project & Policy Manager
Subject: Work Session Summery, February 13, 2024 – Tax Renewals
BOTTOM LINE
The purpose of this memo is to document the summary of discussions during the February 13, 2024
Work Session. All Councilmembers were present with Councilmember Olson attending remotely.
Staff provided context on current tax rates, historical dedicated sales tax measures, traditional uses of
both the Street Maintenance Program (SMP) ¼- cent and the Community Capital Improvement (CCIP)
¼- cent tax. A timeline was outlined that included work sessions with the full Council in February, April,
June, and July with Council Finance Committee meetings scheduled in March and May. It was noted
that ballot adoption is scheduled for August 20.
Referring these renewals in 2024 allows an additional ballot cycle prior to expiration should either not
be renewed.
DISCUSSION SUMMARY
Main discussion points and questions included:
• Could we/should we consider running the SMP tax for a longer term. General consensus was
that this may make sense since road maintenance is an on-going need. A gap in funding was
noted but extending the term of the tax may be more acceptable than increasing the amount of
the tax.
• Continued encouragement to leverage our dollars as much as possible against federal grants
and other monies.
• Clarification was provided on what may fall under the new 2050 tax as opposed to the CCIP tax.
Staff will pay attention to these as the project list evolves.
• Question as to whether Council Priorities could be funded through these taxes: yes, Council
Priorities can be put forward in the CCIP package. Moreover, it is important to note that these
renewals would not be in place until 2026 should they be renewed.
• Questions and suggestions were made regarding annexed areas of the City and possible
deficiencies in transportation infrastructure that might be addressed.
DocuSign Envelope ID: 44544D9B-5557-44C4-BC14-5CF6C4365CDD
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NEXT STEPS
There was support for the engagement and timeline presented. Council Finance Committee will
continue the conversation in March and the item will be back to the full Council on April 23, 2024.
FOLLOW-UP ITEMS
There was a question regarding annexed streets that are below City standards. The cost estimates
provided in the Tax Renewal presentation to maintain a Level of Service B Pavement Condition do not
include anticipated maintenance costs of annexed streets. Staff is preparing a more detailed memo
about the maintenance level and condition of annexed streets. This memo will include the policy
regarding accepting annexed roads for City maintenance.
There was a request for a memo to outline lessons learned from previous tax initiatives. Staff will
provide this in the next few weeks.
DocuSign Envelope ID: 44544D9B-5557-44C4-BC14-5CF6C4365CDD