Posted: Aug 26, 2009 11:52 AM by John Romero
City council considered several initiatives, Tuesday, for the November ballot. One would raise property taxes. Another would rescind the city's TABOR laws. Colorado Springs currently follows both city and state TABOR laws, but under the new initiative, only the state law would have to be followed.
The TABOR initiative failed, due in part to city council's belief that an initiative involving property taxes was more important in the short term. That initiative, which council approved, would give residents the choice of whether or not to increase property taxes. If it passes, the business/personal property tax would be rescinded.
City council says the property tax increase is necessary, in order to avoid all of the budget cuts, currently on the table. "We're going to put out the truth about what will happen if it doesn't pass, and the cuts that will have to happen and the reductions, and let the people make up their mind," council member Jerry Heimlicher said.
Another ballot initiative also failed, which would have had the public vote on an increase of lodging taxes.