Town of Monument Ballot Issue 2B
SHALL TOWN OF MONUMENT TAXES BE INCREASED BY $2,272,500 ANNUALLY, BEGINNING JANUARY 1, 2027, AND BY WHATEVER ADDITIONAL AMOUNTS THE TAX RATE GENERATES IN EACH YEAR AFTER BY RAISING THE TOWN’S USE TAX ON CONSTRUCTION AND BUILDING MATERIALS AND CONSTRUCTION EQUIPMENT FROM 2.0% TO 3.5%, TO MATCH THE TOWN’S EXISTING 3.5% SALES TAX RATE ON RETAIL PURCHASES; AS SET FORTH IN AND SUBJECT TO THE EXEMPTIONS IN ORDINANCE NO. 19-2026 AND CHAPTER 3.10 OF THE MUNICIPAL CODE; THE INCREASED USE TAX IS COLLECTED, ON CONSTRUCTION AND BUILDING MATERIALS AND CONSTRUCTION EQUIPMENT ONLY WHEN A BUILDING PERMIT OR RIGHT-OF-WAY PERMIT IS REQUESTED AND, WHEN A MUNICIPAL SALES TAX OF 3.5% WAS NOT COLLECTED WHERE THE CONSTRUCTION AND BUILDING MATERIALS OR CONSTRUCTION EQUIPMENT WAS PURCHASED, AND ALL REVENUE WILL BE SPENT ON CAPITAL PROJECTS, INCLUDING:
• STREETS, ROADS, BRIDGES, AND SIDEWALKS; AND
• STORMWATER IMPROVEMENTS;
AND SHALL THE TOWN BE AUTHORIZED TO COLLECT, RETAIN, AND SPEND THIS TAX REVENUE AND ANY INVESTMENT EARNINGS ON IT AS A VOTER-APPROVED REVENUE CHANGE UNDER ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION (TABOR) OR ANY OTHER LAW?
Fiscal Year Spending Information:
2026 (Current fiscal year estimated) $24,159,389 2025 (Actual) $24,154,194 2024 (Actual) $19,163,230 2023 (Actual) $17,184,205 2022 (Actual) $14,759,624
Overall percentage change in fiscal year spending: 64%
Overall dollar amount change: $09,399,764
Estimated Maximum dollar amount of tax increase for 2027: $02,272,500
Estimated 2027 fiscal year spending without tax increase: $33,229,193
Summary of Written Comments FOR Ballot Issue 2B:
No comments were filed by the constitutional deadline.
Summary of Written Comments AGAINST Ballot Issue 2B:
No comments were filed by the constitutional deadline.
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