HomeMy WebLinkAbout1996-074-06/18/1996-1995 REVENUES NOVEMBER 1996 RETENTION OF REVENUES SPECIAL ELECTION SURPASSED LIMIT RESOLUTION 96-74
OF THE COUNCIL OF THE CITY OF FORT COLLINS
EXPRESSING THE INTENT OF TIIE COUNCIL TO PLACE ON
THE NOVEMBER 1996 SPECIAL ELECTION BALLOT A MEASURE
AUTHORIZING THE RETENTION OF REVENUES IN EXCESS
OF CONSTITUTIONAL REVENUE AND SPENDING LIMITS
WHEREAS, in 1992, Colorado voters statewide approved a measure amending the Colorado
constitution to add Section 20 to Article X thereof, which provision limits the rate at which City
revenue and spending may increase; and
WHEREAS, City revenues in 1995 surpassed the limit imposed on revenue growth
established in Section 20, Article X of the Colorado constitution by the amount of$763,821; and
WHEREAS,the City has identified numerous pressing service demands, including improving
streets and traffic flow and addressing related public safety concerns, for which additional funds are
needed and to which such revenues may be applied; and
WHEREAS, if the increased revenue amount is refunded, it is estimated that the amount of
refund per utility account will be between $17 and $18; and
WHEREAS,recent survey information indicates that Fort Collins voters support the retention
of such funds for use in providing City services, rather than refunding; and
WHEREAS, on June 5, 1996, the Council's Finance Committee voted to recommend that
Council consider placing oil the November ballot a measure seeking voter approval to retain the
1995 revenue that exceeds the revenue limitations imposed by Article X Section 20 of the Colorado
constitution.
NOW,THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT
COLLINS, that the City Manager sliall prepare and present to the Council for its consideration at a
regular Council meeting no later than August 6, 1996, an ordinance calling a November 1996 special
election, if necessary, or a resolution placing on the November, 1996 election ballot a measure
requesting voter approval to retain 1995 revenues in excess of the limitations established in Section
20 of Article X of the Colorado Constitution for the purposes of improving streets and traffic flow
and addressing related public safety concerns.
Passed and adopted at a regular meeting of the City Co he this 18th y of Jun , A.D.
1996.
ayor
ATTEST:
L6.6 - a�
City Clerk