Aurora City Transportation Bond And Tax Question (November 2012)

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An Aurora City Transportation Bond And Tax question was on the November 6, 2012 election ballot in Adams, Arapahoe, and Douglas counties, which are in Colorado, where the question was defeated.

If approved, this question would have authorized the City of Aurora to increase its debt not to exceed $74 million through issuing general obligation bonds. The repayment plan for this debt would not exceed $135 million and the increases taxes would not exceed $5.82 per year. The revenue from these bonds would be used to fund the acquisition, construction, installation, equipment and repair of transportation infrastructure.[1]

Election results

Aurora City Question 2B
ResultVotesPercentage
Defeatedd No67,03656.58%
Yes 51,451 43.42%

Election results from Adams County, Unofficial Election Results Summary, Arapaho County, Unofficial Election Results Summary and Douglas County Current Election Results Summary.

Text of measure

Language on the ballot:

SHALL AURORA’S DEBT BE INCREASED NOT TO EXCEED $74,000,000 WITH A REPAYMENT COST NOT TO EXCEED $135,000,000 (PRINCIPAL AND INTEREST), AND SHALL AURORA’S TAXES BE INCREASED NOT TO EXCEED $5,820,000 ANNUALLY TO PROVIDE FOR A COMPREHENSIVE, INTEGRATED TRANSPORTATION AND ACCESS SYSTEM FOR MOTORISTS, PEDESTRIANS, AND BICYCLISTS, BY AMENDING THE CITY CHARTER TO PERMIT THE ISSUANCE OF GENERAL OBLIGATION BONDS OR SIMILAR OBLIGATIONS, TO BE PAID THROUGH PROPERTY TAXES, WITHOUT REDUCTION, IN A SUFFICIENT RATE AND AMOUNT TO PAY SUCH OBLIGATIONS OR ANY REFUNDINGS, THE PROCEEDS OF WHICH, INCLUDING EARNINGS, SHALL BE USED TO PAY FOR ACQUIRING, CONSTRUCTING, INSTALLING, EQUIPPING, AND REPAIRING TRANSPORTATION INFRASTRUCTURE PROJECTS, AND SHALL AURORA BE ALLOWED TO COLLECT, RETAIN AND EXPEND ALL REVENUES NECESSARY TO PAY SUCH OBLIGATIONS WITHOUT AFFECTINGARE ELIGIBLE TO VOTE ON THE FOLLOWING AURORA’S OTHER DEBT, TAXES, REVENUES, OR EXPENDITURES UNDER THE CONSTITUTION AND LAWS OF THIS STATE AND THE CITY?

Yes No[1][2]

See also

References

  1. 1.0 1.1 Adams County Elections, Current Measures
  2. Note: This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.



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