Vail rec district OKs tax question
The Vail Recreation District will ask voters for more money this spring.
The district board Tuesday made official what it had contemplated for the past weeks: paring down a wide-ranging request for tax hikes to just one property tax increase that will cover the debt service on a $3.4 million bond that paid for repairs at Dobson Arena. The upgrades, done in 2001, included an improved refrigeration system and safety improvements at Dobson.
Voters will decide the issue in a May 4 election.
Executive Director Dennis Stein said if voters approve the measure, the increase would increase the district’s mill levy- or property tax rate – by just more than 0.5 mills, which will raise just more than $280,000 in the first year.
The tax increase expires in 20 years, when the original bond is retired. The new levy would raises taxes by about $41 per year on a home valued at $1 million. District taxes on that home now run about $219 per year.
The district board had first discussed asking voters for approval of a plan that included tax increases to pay for the bond debt on the ice arena as well as two new bonds. One, with an estimated cost of $3.5 million, would have funded renovation of the Vail Golf Course and created an indoor recreation facility at Red Sandstone Elementary School. The other, with an estimated cost of $4 million, would have paid for an extensive renovation at the Vail Golf Clubhouse and Nordic Center.
While the district won’t ask voters about the more ambitious questions this spring, they’re still alive. Stein said the district may ask voters to approve those projects in November, or later.
In addition to the tax question, voters in the Vail Recreation District will select two board members May 4. The terms of board members Hermann Staufer and Tom Saalfeld expire this year. Neither incumbent has announced plans to seek another term.