Vail Daily letter: Freedom of choice
Vail, CO Colorado
It’s not every day that such a novel and helpful idea comes our way, but Pitkin and Eagle residents have such an opportunity right now to vote “yes” on 1A, the Energy Smart Loan Pro-gram, on your current mail ballots. This is a no-cost (yes, that’s right!) pro-gram to finance clean energy and energy efficiency for interested local homeowners and businesses. This will help support our economy and add new jobs while lowering utility bills and helping the environment!
How is there no cost?
Home- improvement projects will be funded through a loan program that will be repaid over 15 to 20 years using special assessments added to property tax payments. The beauty of this plan is that most of the improve-ments will pay for themselves in only a few short years, while the payments are spread over a much longer time frame!
There’s no cost to taxpayers because the bonds (loans) are repaid by those who choose to participate and the minor administrative costs will be cov-ered by state grant funds or participant fees. The reason this is on the ballot is that the local improvement district that will arrange for the funding needs vot-er approval to be created. Again, this does not add any cost, tax or fee for anyone except participating home-owners and businesses. Now that’s freedom of choice!
– Dave Munk, Missouri Heights