The local impact of Proposition 101 and Amendments 60 and 61
Impacts on the City of Loveland:
- With Proposition 101, which repeals Referendum C, a 2005 voter-approved initiative that suspended a tax limit set by TABOR for five years to fund healthcare, public education and transportation projects, among other things, the city would lose funding for road and bridge repairs and projects. The city would get no financial support to fund road projects including the I-25/U.S. 34, 1-25 and Crossroads and U.S. 34 and Madison corridor improvements. In 2010, Larimer County received almost $10 million for these projects.
- With Proposition 101, the city would have to cut local services significantly. Combined with the state of Colorado, more than $2 billion per year would need to be cut including thousands of dollars from fire districts, hospitals and healthcare, libraries water districts and other areas.
- Through all three initiatives, the city would be punished for its conservative approach to spending and its reputation for being seen as a low debt city government.
- Through all three initiatives, the city would be unable to borrow money to support growth and development including future projects in Centerra and downtown like the Promenade Shops (the city’s top sales tax generator), the newly expanded Chilson Center, the Rialto Bridge project or the proposed library improvements. It may result in the canceling of the vast majority of Capital Improvement Projects.
- Combined General Fund revenue reduction for the city of up to 20% within four years ($59.5 million general fund budget in 2010 reduced to at least 50.3 million by 2014).
- Transportation infrastructure funding reduction of 53% within four years (street rehabilitation reduced from $3 million in 2010 to an estimated $1.6 million by 2014).
- City residents will face City Utilities increases. For example - a water rate increase of approximately 12% ($20.14 in 2010 to a projected $22.56).
Impacts on the Thompson School District:
- With Proposition 101, the schools in Loveland would lose millions of dollars in funding and the school districts within Larimer County would have to SHARE $197,479 in funding, compared to the $12.8 million in funding they receive currently.
- Thompson School District is currently the 16th largest school district in Colorado employing more than 1,600 people. Reducing funding would dramatically impact the city’s largest employer in addition to impacting the quality of education the city and the district can offer to its residents.
- The increased fiscal requirements upon the State of Colorado will further shift responsibility and capability to fund public education to the State government and further reduce the local influence of a Board of Education.
- It is estimated that the Thompson School District will have a $26 million budget reduction, forcing the Board of Education to face the difficult decisions of significantly increasing class size by 8-11 students per classroom, of cutting over 400 staff positions, and of closing 2-3 neighborhood schools.
- With the lose of those 400 jobs, these people who own homes in Loveland, shop at Loveland's stores, use Loveland's services and now have a loss of income, cannot support Loveland's businesses.
Big Picture Impacts on Loveland’s Economy:
With no money to fix roads, support schools, healthcare, fire district, libraries or expand and grow with new developments in Centerra and downtown, Loveland loses:
- its attraction to current businesses and their employees.
- its ability to bring new businesses to the area in order to fuel the city’s economic development and overall growth.
- its appeal to visitors, thus greatly impacting business.
Learn more from these resources:
- Resolution from the Loveland Chamber of Commerce
- Resolution from the Thompson School District
- Report from the Citizen's Finance Advisory Commission, City of Loveland
- "Negative Impacts on Citizens, Businesses, and City of Loveland from Proposition 101, Amendment 60 and Amendment 61" by Ralph Trenary
- Editorial, "Vote no on tax measures," from the Reporter-Herald
- Don't Hurt Colorado
- The Bell Policy Center
- Looking Forward
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