HomeMy WebLinkAbout2018-101-10/16/2018-EXPRESSING THE CITY COUNCIL'S OPPOSITION FOR THE PASSAGE OF PROPOSITION 109 RELATING TO TRANSPORTATI RESOLUTION 2018-101
OF THE COUNCIL OF THE CITY OF FORT COLLINS
EXPRESSING THE CITY COUNCIL'S OPPOSITION FOR THE PASSAGE
OF PROPOSITION 109 RELATING TO TRANSPORTATION BONDS AND URGING THE
CITIZENS OF FORT COLLINS TO VOTE "NO" ON THIS BALLOT ISSUE
WHEREAS, Proposition 109 (formerly Initiative #167) is a proposed statute that will
appear on the November 2018 general election ballot; and
WHEREAS,Proposition 109 would require the state to raise$3.5 billion in bonds (without
raising taxes or fees) with a maximum repayment cost of$5,200,000 over 20 years and all of the
voter approved proceeds would be TABOR exempt and excluded form stat fiscal spending year
limits; and
WHEREAS, the bond proceeds would go solely to state road and bridge expansion,
construction, maintenance, and repair on a specified list of over 60 projects in 15 specific
transportation planning regions across the state; and
WHEREAS,Proposition 109 would obligate the state to issue$3.5 billion in transportation
bonds to fund new state transportation projects, which is a third of the amount identified by the
Colorado Department of Transportation as needed to finance their current backlog; and
WHEREAS, Proposition 109 does not identify how the state would finance the bond
payments, leaving that responsibility up to the Colorado General Assembly, which could result in
cuts to other existing state programs and services; and
WHEREAS, Proposition 109 does nothing to address the infrastructure and maintenance
funding shortfalls experienced at the municipal and county level across the state, including within
the City; and
WHEREAS, the City Council believes it is in the best interests of the City for the Council
to oppose the Proposition 109 and encourage the City's registered electorate to vote "NO" on such
measure.
NOW,THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that the City Council opposes Proposition 109 and urges every registered voter to vote
"NO" on Proposition 109 at the November 6, 2018, election.
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Passed and adopted at a regular meeting of the Council of the City of Fort Collins this 16th
day of October, A.D. 2018.
Mayor
ATTEST:
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