Cordillera takes on tax limits
Vail, CO Colorado
CORDILLERA, Colorado ” This November, the Cordillera Metro District will ask voters to lift laws that limit how much non-property tax revenue the district can collect.
If voters pass the measure, the district will be able to collect money from “service revenues, fees and interest” without restriction.
The Tax Payer Bill of Rights, also known as TABOR, are laws that limit governments to collecting tax increases based on population growth and inflation. The metro district became exempt from the restrictions as far as property taxes are concerned after a public vote in 2003. Now it is asking the same for non-property tax revenues.
The extra revenue is needed to pay for the district’s operations, maintenance, and other expenses, according to a newsletter to residents.
On Oct. 10 the district will send a ballot package to property owners explaining the ballot measure.
Residents have until the end of today to make comments on the measure. The comments will be printed along with the ballot package.
Staff writer Melanie Wong can be reached at 748-2928 or firstname.lastname@example.org.
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