Loveland Chamber of Commerce Opposes Amendments 60 & 61 and Proposition 101 and Urges You to Vote 'NO' on Your Nov. 2nd Ballot

The Loveland Chamber of Commerce, the driving force for Loveland business, opposes Proposition 101 and Amendments 60 and 61, all secured ballot initiatives for the upcoming November 2010 election.

The three ballot initiatives ineffectively address wasteful government spending, use deceptive language that could ruin the Taxpayers Bill of Rights (TABOR) and ultimately, would destroy Loveland’s economy by chasing businesses away from Loveland and the entire state of Colorado.

This opposition comes directly from the recommendation of the Chamber’s Local Legislative Affairs Committee and was approved with a resolution by the board of directors during its Aug. 11 meeting.

The three ballot initiatives are aimed at limiting government funding mechanisms, taking an estimated $4.2 billion out of funds to support state and local government operations and risking more than 70,000 jobs in the state of Colorado. Proposition 101 targets fees and the state income tax; Amendment 60 restructures large portions of Colorado’s property tax systems and Amendment 61 severely limits public borrowing.

While each of these initiatives would greatly impact our state, the Chamber is most concerned about the repercussions of these initiatives directly to the city of Loveland and the businesses that reside within our community,” said Brian Willms, president/CEO of the Loveland Chamber of Commerce. “These initiatives address citizens’ frustration with the federal governments spending behavior without looking at the actual impacts that would spiral within our own community and state. Loveland would lose tremendous value not only as a place to do business, but also as a place to live or visit. What business wants to remain or move to a city or state that doesn’t support growth and cannot provide stable, basic needs like education and care for our roads?

The Loveland Chamber opposes these initiatives for its impacts on Loveland.
Please click here to learn more about the local impacts.

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