Log Lane Village Town Levy Increase Question (November 2012)
If approved, this question would have authorized the Log Lane Village Town to increase taxes by up to 53.428 mills ($53.428 per $1,000 of assessed valuation) in order to fund the general operations of the town. The first year revenue will be $35,000.
|Log Lane Village Tax, Question 2A|
Election results from Morgan County Current Election Results Summary
Text of measure
Language on the ballot:
|“|| Shall the Town of Log Lane Village, CO taxes be increased $35,000 in the 1st fiscal year (2012) and annually thereafter in such amounts as are received each year by the imposition of increase in the mill levy not to exceed 53.428 mills upon taxable real property within the town, commencing with tax collection year 2012, and continuing thereafter, such revenues to be collected, retained, and spent for the purpose of funding the towns general operations and any other lawful municipal purpose, and shall the town be permitted to collect, retain and expend all property tax mill levy as a voter-approved revenue change and an exception to the limits which would otherwise apply under Article X, Section 20 of the Colorado Constitution or section 29-1-301, Colorado revised statutes?
And shall all revenues from such mill levy rate increase regardless of whether such revenues in any year after the first full fiscal year exceed the estimated dollar amount stated above and investment income on all such revenues constitutes voter approved revenue changes and exceptions to the limits which would otherwise apply under Article X, Section 20 of the Colorado Constitution or Section 29-1-301, Colorado Revised Statutes?