Denver May 2005 Election
Yesterday city officials briefed City Council on the tax effects the proposed Justice Center, according to the Rocky Mountain News [January 27, 2005, "Justice Center tax tab detailed"]. From the article, "The average Denver homeowner will pay $93 a year in taxes if voters approve the city's proposed new Justice Center, planners told City Council members Wednesday. However, that tab could be paid without increasing the mill levy. Instead, homeowners who may have otherwise seen their taxes decline will find that they stay steady, city officials said."
Here's the coverage from the Denver Post [January 27, 2005, "Mayor: Jail won't take funds from other projects"]. From the article, "The city wants to build a justice center - including 1,500 jail beds and about 35 courtrooms - in the 300 and 400 blocks of West Colfax Avenue to ease crowding at the city's Smith Road jail. Denver's current jail system - including Smith Road and a smaller facility at police headquarters - houses more than 2,000 inmates in space designed for 1,500 to 1,700. If voters approve the justice center and Denver issues three series of bonds to pay for it, the city's obligations technically will exceed the $70 million threshold in 2006 and 2007. However, the city will pay that $20 million excess cost with reserve funds amassed to buttress its overall debt. If voters reject the plan, annual property taxes on a $250,000 house could drop by $93 by 2010 as older projects are paid off. However, that assumes the city would not gain approval to fund other projects in the interim."
5:37:26 AM 
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