Aspen City Education Sales Tax Increase Question (November 2012)
This question authorized the City of Aspen to raise the sales tax by up to 0.3% for four years in order to fund education services in the Aspen School District No. 1. The first year tax increase is estimated to be $1.75 million.
|Ballot Issue 2B|
Election results from Pitikin County Summary of Election Results
Text of measure
Language on the ballot:
This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.
|“|| SHALL CITY OF ASPEN, COLORADO, TAXES BE INCREASED $1,750,000.00 ANNUALLY (ESTIMATED) FOR THE FIRST FISCAL YEAR (2013) AND BY SUCH AMOUNTS AS MAY BE GENERATED ANNUALLY THEREAFTER BY A NEW 0.3% SALES TAX COURT OF APPEALS COMMENCING JANUARY 1, 2013, AND CONTINUING THROUGH DECEMBER 31, 2016, UNLESS THE QUALIFIED ELECTORS OF
THE CITY SHALL SUBSEQUENTLY AUTHORIZE AN EXTENSION, TO BE USED FOR EDUCATIONAL PURPOSES PROVIDING SUPPORT TO THE ASPEN SCHOOL DISTRICT NO. 1 (RE); AND PROVIDED FURTHER, THAT THE REVENUES DERIVED FROM SUCH SALES TAX SHALL BE COLLECTED BY THE CITY OF ASPEN AND DISBURSED THROUGH A TRUST OR OTHER COURT OF APPEALS NONPROFIT ENTITY CREATED BY INTERGOVERNMENTAL AGREEMENT BETWEEN THE CITY OF ASPEN AND THE ASPEN SCHOOL DISTRICT NO. 1 (RE) WITH SUCH TRUST OR OTHER NONPROFIT ENTITY MANAGED BY THE FOLLOWING INDIVIDUALS FOR THE TERM OF THE TAX:
AND SHALL THE FULL REVENUES FROM SUCH TAX INCREASE AND ANY EARNINGS (REGARDLESS OF AMOUNT) FROM THE INVESTMENT OF THE PROCEEDS OF SUCH TAX CONSTITUTE A VOTER APPROVED REVENUE CHANGE THAT MAY BE COLLECTED, RETAINED AND EXPENDED BY THE CITY FOR THE PURPOSES SET FORTH ABOVE NOTWITHSTANDING ANY STATE REVENUE OR EXPENDITURE LIMITATION, INCLUDING THE LIMITATION CONTAINED IN ARTICLE X, SECTION 20, OF THE COLORADO CONSTITUTION OR ANY OTHER LAW?