The Cherry Creek News: "We've editorially supported every tax increase in the Hickenlooper era - including the back-door Xcel Energy tax increase, the pre-school tax, the tourism tax, the justice center tax...
"We're breaking with that tradition with the $1.4 billion dollar batch of interest and indebtedness coming this fall.
"We urge readers to support city issues 1-A and 1-I. 1-A is a mil levy increase that will contribute $27.5 million yearly to support capital maintenance-- in other words, fixing stuff we've already bought and paid for. 1-I will pay for needed public safety improvements, including a crime lab and a Lowry fire station.
"The other seven bond issues? In short, while many of projects are worthy, many also don't belong in this costly General Obligation bond issue. Many should be paid for by developers or special taxing districts."
Also from The Cherry Creek News:
According to city documents, the property tax issues before Denver voters this November represent the largest bond issue in city history. The total price tag for Denver homeowners, on average, is $2,380 over twenty years - a figure reflecting taxes on an average value home ($255,000) according Denver City Councilwoman Jeanne Faatz, who obtained the figures from the city treasury. For the majority of Cherry Creek News readers, the total cost will be at least double that $2,380, as the tax cost increases with property values. The cost would be a $119 per year for the average home[~] for a home valued at $510,000, the cost would be $238.
George in Denver: "Saturday's Rocky Mountain News (Daniel Chacon) provided a piece on the upcoming November ballot issues. With regard to the 2.5 mill levy tax increase which, ostensibly, is pegged to provide ongoing infrastructure maintenance (estimated $27 million per year), a curious comment was forthcoming from Ed Scholz, the city's Deputy Director of Budget. Scholz said, "For the first time, you're providing a revenue source that's growing with inflation, so right off the bat, we're in a better position because it's growing."
More Coyote Gulch coverage here.
Category: Denver November 2007 Election
6:09:51 PM 
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