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ORDINANCE NO. 8997
AN ORDINANCE AMENDING SECTION 85 OF CHAPTER 4 OF TITLE XIV OF THE
PUEBLO MUNICIPAL CODE RELATING THE CITY OF PUEBLO'S TAXES INCREASED
BY $7.9 MILLION ANNUALLY (FIRST FULL FISCAL YEAR INCREASE) AND BY
WHATEVER AMOUNTS ARE RAISED ANNUALLY THEREAFTER, FOR A FIVE-YEAR
PERIOD FROM JANUARY 1, 2017 THROUGH DECEMBER 31, 2021 BY IMPOSING A
ONE-HALF PERCENT CITY SALES AND USE TAX RATE AND ALL REVENUES
DERIVED FROM SUCH TAX BE COLLECTED, RETAINED AND SPENT,
NOTWITHSTANDING ANY LIMITATIONS PROVIDED BY LAW, AS A VOTER
APPROVED REVENUE CHANGE AND AN EXCEPTION TO THE LIMITS WHICH
WOULD OTHERWISE APPLY PURSUANT TO ARTICLE X, SECTION 20 OF THE
COLORADO CONSTITUTION OR ANY OTHER LAW AND ESTABLISHING A SPECIAL
FUND FOR THE DEPOSIT OF SUCH REVENUES TO BE SPENT ONLY FOR PUBLIC
SAFETY, STREETS AND PARKS PURPOSES
BE IT ORDAINED BY THE PEOPLE OF THE CITY OF PUEBLO, that (brackets indicate
matter being deleted; underscoring indicates new matter being added):
SECTION 1.
Section 14-4-85 of Chapter 4, Title XIV of the Pueblo Municipal Code, as amended, (a
portion of Section 13 of Ordinance No. 2189 approved by a vote of the People on November 8,
1955, as amended by Ordinance Nos. 3160, 3474, 4235, 5170, 5314, 5668, 5810, 5978, 6683,
7464 and 8197) is hereby amended by the addition of the following new subsections (g) and (h):
Sec. 14-4-85. Schedule; tax added to price.
. . .
(g) Notwithstanding the three and one-half percent (3 ½ %) rate provision
of paragraph (e) of this Section 14-4-85, for the period January 1, 2017 through
December 31, 2021, the rate of tax imposed pursuant to Section 14-4-85(a) shall be
increased by an additional one-half percent (½ %) for a rate of four percent (4%).
(h) The revenues from the additional one-half percent (½ %) sales and
use tax rate imposed by Sections 14-4-63(3) and 14-4-85(g) of this Chapter,
including interest and penalties with respect thereof, shall upon collection and
receipt by the City, be deposited and placed in a special fund hereby created to be
known as the "2017 to 2021 Sales and Use Tax Public Safety, Streets and Parks
Fund" (the "Fund"). The moneys in the Fund shall be used solely for Public Safety,
Streets and Parks.
SECTION 2.
Section 14-4-63 of Chapter 4, Title XIV of the Pueblo Municipal Code (Section 20 of
Ordinance No. 2189 approved by a vote of the People on November 8, 1955, as amended by
Ordinance Nos. 3160, 3474, 4734, 5170, 5314, 5668, 5810, 5978, 6683, 7464 and 8197) is
hereby amended by the addition of the following new subsection (3):
Sec. 14-4-63. Storage, consumption and use tax schedule.
. . .
(3) Notwithstanding the three and one-half percent(31/2%) rate provision
of paragraph (2) of this Section 14-4-63, for the period January 1, 2017 through
December 31, 2021, the rate of tax imposed pursuant to this Section shall be
increased by an additional one-half percent(1/2 %) for a rate of four percent(4%).
SECTION 3.
This Ordinance shall become effective upon majority vote in favor thereof by the registered
electors of Pueblo voting thereon at the Special municipal Election to be held Tuesday, November
8, 2016
DID NOT PASS
FOR THE ORDINANCE 20,422
AGAINST THE ORDINANCE 27,188