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HomeMy WebLinkAbout07044ORDINANCE NO. 7044 AN ORDINANCE AUTHORIZING THE CITY TO COLLECT, RETAIN AND SPEND ALL REVENUE IN EXCESS OF LIMITS OTHERWISE APPLICABLE UNDER ARTICLE X, §20 OF THE COLORADO CONSTITUTION, OR ANY OTHER LAW BE IT ORDAINED BY THE PEOPLE OF PUEBLO, that: SECTION 1. The City of Pueblo is hereby authorized, beginning with fiscal year 2004 and each subsequent year thereafter, without creating any new tax or increasing existing tax rates or mill levy, to collect, retain, and spend all revenues in excess of its spending, revenue raising or other limits in Article X, §20 of the Colorado Constitution (in addition to the $1,100,000 already authorized by the voters for the HARP bonds) for the expenditure of such revenue for public safety, health, human services, arts and culture, parks, recreation and transportation, as determined by the City Council, as a voter approved revenue change and exception to the revenue and spending limits and restrictions which would otherwise apply pursuant to Article X, §20 of the Colorado Constitution, or any other law. SECTION 2. Nothing in this Ordinance shall be construed to be a limitation or restriction upon the budgetary authority of the City Council, nor a limitation or restriction upon collection, retention and spending of revenues which are not in excess of the City of Pueblo's spending and revenue limits. SECTION 3. This Ordinance shall become effective upon majority vote in favor thereof by the registered electors of the City voting thereon at the General Municipal Election to be held on Tuesday, November 4, 2003. November 4, 2003 Election Results: FOR THE ORDINANCE 6681 AGAINST THE ORDINANCE 18026