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The original item was published from 2/28/2022 3:40:49 PM to 2/28/2022 3:51:46 PM.

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Posted on: February 28, 2022

[ARCHIVED] Initiative 1-B

INITIATIVE 1-B

AN INITIATED MEASURE ALLOWING FOR A SPECIAL TAX ON RETAIL MARIJUANA SALES AND ALLOWING FOR RETAIL MARIJUANA STORES IN BURLINGTON

SHALL THE CITY OF BURLINGTON’S TAXES BE INCREASED BY FOUR HUNDRED EIGHTY THOUSAND DOLLARS ANNUALLY IN THE FIRST FULL FISCAL YEAR (2023) AND BY WHATEVER ADDITIONAL AMOUNTS ARE RAISED IN SUCH FISCAL YEAR AND BY WHATEVER AMOUNTS AS RAISED ANNUALLY THEREAFTER, THROUGH THE IMPOSITION AND ASSESSMENT OF AN ADDITIONAL SALES TAX IN THE AMOUNT OF EIGHT PERCENT (8%) ON THE SALE OF RETAIL MARIJUANA AND RETAIL MARIJUANA PRODUCTS SOLD WITHIN THE CITY, WHICH TAX SHALL BE IN ADDITION TO THE GENERAL MUNICIPAL SALES TAX, WITH REVENUES DERIVED FROM SUCH TAX COLLECTED BE USED TO DEFRAY COSTS INCURRED IN REGULATING THE RETAIL MARIJUANA INDUSTRY, OTHER COSTS RELATED TO ENFORCEMENT OF MARIJUANA LAWS AND TO PROMOTE THE GENERAL PURPOSES OF THE CITY OF BURLINGTON AND WITH THE RESULTING TAX REVENUE BEING ALLOWED TO BE COLLECTED AND SPENT NOTWITHSTANDING ANY LIMITATIONS PROVIDED BY LAW, AS A VOTER APPROVED REVENUE CHANGE AND AN EXCEPTION TO THE REVENUE AND SPENDING LIMITS OF ARTICLE X, SECTION 20, OF THE COLORADO CONSTITUTION AND; SHALL RETAIL MARIJUANA STORES, AS AUTHORIZED BY ARTICLE XVIII, SECTION 16 OF THE COLORADO CONSTITUTION, BE ALLOWED IN THE CITY OF BURLINGTON, SUBJECT TO SUCH RULES, REGULATIONS, LIMITATIONS AND RESTRICTIONS AS MAY BE ADOPTED THROUGH ORDINANCE BY CITY COUNCIL?

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