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HomeMy WebLinkAbout13321 RESOLUTION NO. 13321 A RESOLUTION IN SUPPORT OF BALLOT QUESTION NO. 2A TO BE DECIDED BY THE ELIGIBLE ELECTORS OF THE CITY OF PUEBLO, COLORADO AT THE GENERAL MUNICIPAL ELECTION TO BE HELD ON NOVEMBER 3,2015 WHEREAS, since its inception more than thirty years ago, Pueblo’s ½ Cent Sales Tax has helped to create thousands of new jobs in the City and in the City’s industrial parks; and WHEREAS, the new primary jobs come from new businesses recruited by the committed staff and capable volunteers of the Pueblo Economic Development Corporation with recommendations for the expenditure of ½ Cent Sales Tax funds. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that: SECTION 1. The City Council of the City of Pueblo supports Ballot Question No. 2A and recommends that the voters of the City vote in favor of this measure at the general municipal election to be held on November 3, 2015. SECTION 2. This Resolution shall become effective immediately upon final passage. INTRODUCED: October 26, 2015 BY: Dennis Flores City Clerk’s Office Item # Q-2 Background Paper for Proposed Resolution COUNCIL MEETING DATE: October 26, 2015 TO: President Stephen G. Nawrocki and Members of City Council VIA: Gina Dutcher, City Clerk FROM: Sam Azad, City Manager SUBJECT: A RESOLUTION IN SUPPORT OF BALLOT QUESTION NO. 2A TO BE DECIDED BY THE ELIGIBLE ELECTORS OF THE CITY OF PUEBLO, COLORADO AT THE GENERAL MUNICIPAL ELECTION TO BE HELD ON NOVEMBER 3,2015 SUMMARY: Attached is a proposed Resolution in support of a five-year extension of the 1992-2016 Sales and Use Tax Capital Improvement Projects Fund (“½ Cent Sales Tax”). PREVIOUS COUNCIL ACTION: On August 10, 2015 by Ordinance No. 8904, the City Council submitted to the eligible electors of the City, ballot question No. 2A, to extend the ½ Cent Sales Tax, to be decided at the upcoming November 3, 2015 election. BACKGROUND: Since its initial approval thirty years ago, the ½ Cent Sales Tax has created thousands of new jobs in our community. Every five years Pueblo voters are asked to extend the ½ Cent Sales Tax for job creating capital improvement projects. FINANCIAL IMPLICATIONS: The ½ Cent Sales Tax generates approximately $7 million in revenue each year. Ballot question 2A would extend the tax for an additional five years through December 31, 2021. The ballot measure would also “de-Bruce” the revenue so that the revenue would not be included in the City’s annual TABOR calculations. BOARD/COMMISSION RECOMMENDATION: Not applicable. STAKEHOLDER PROCESS: Not applicable. ALTERNATIVES: The City Council could remain neutral and not recommend approval or rejection of ballot question 2A. RECOMMENDATION: Not applicable. Attachments: