REFERENDUM A
ONE PERCENT SALES AND USE TAX INCREASE TO BE USED EXCLUSIVELY FOR STREET, ALLEYWAY, CURB, GUTTER, SIDEWALK IMPROVEMENTS
SHALL CITY OF BURLINGTON SALES AND USE TAXES BE INCREASED BY AN ESTIMATED SEVEN HUNDRED TWENTY-FIVE THOUSAND DOLLARS ($725,000.00) ANNUALLY IN THE FIRST FISCAL YEAR (2023) AND BY WHATEVER ADDITIONAL AMOUNTS ARE RAISED ANNUALLY IN EACH SUBSEQUENT YEAR, BY A ONE PERCENT (1.0%) INCREASE IN THE CITY SALES AND USE TAX RATE (ONE PERCENT REPRESENTS 10 CENTS ON EACH 10 DOLLAR PURCHASE EXCLUDING THOSE ITEMS EXEMPT FROM TAXATION BY CITY CODE) INCREASING THE CITY SALES AND USE TAX RATE FROM TWO PERCENT (2.0%) TO THREE PERCENT (3.0%), COMMENCING ON JULY 01, 2022 AND CONTINUING IN PERPETUITY, THE REVENUES FROM SUCH ONE PERCENT (1.0%) INCREASE SHALL BE ADDED TO THE CITY’S GENERAL FUND AND USED TO CONSTRUCT, MAINTAIN, REBUILD AND IMPROVE STREETS AND ALLEYWAYS, CURB, GUTTER AND SIDEWALKS OF THE CITY OF BURLINGTON AS A VOTER APPROVED REVENUE CHANGE AND AN EXCEPTION TO THE REVENUE AND SPENDING LIMIT OF ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION?