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HomeMy Public PortalAboutResolution 2020-09-05 Referring a Proposed Gallagher Stablization Ballot Question TOWN OF FRASER RESOLUTION 2020-09-05 REFERRING A PROPOSED GALLAGHER STABLIZTION BALLOT QUESTION TO AN ELECTION OF THE TOWN OF FRASER WHEREAS, C.R.S. §31-11-111(2) authorizes the Town of Fraser (the "Town") to submit any question to the vote of the registered voter of the municipality by adoption of a resolution; and WHEREAS, C.R.S. §1-5-203(3)(a) provides the designated election official of each political subdivision must certify the ballot order and content for the 2020 General Election by September 4, 2020; and WHEREAS, pursuant to Section 39-1-111 C.R.S., the Town shall be authorized by order of the Town Board to levy against the valuation for assessment of all taxable property the requisite property taxes for all purposes required by law; and WHEREAS, Article X, Section 20 of the Colorado Constitution, also referred to as the Taxpayer's Bill of Rights ("TABOR") requires voter approval for any new tax, increase in any tax rate, mill levy above that for the prior year, valuation for assessment ratio increase for a property class, extension of an expiring tax, or a tax policy change causing a net revenue gain, the creation of any debt, and the spending of certain funds above limits established by TABOR; and WHEREAS, pursuant to the state and federal law, the Town will participate in a coordinated election on November 3, 2020; and WHEREAS, the coordinated election to be held on November 3, 2020, is one of the election dates at which TABOR ballot issues may be submitted to the registered electors of the Town of Fraser; and WHEREAS, the Town Board is of the opinion that it should refer to the voters at the November 3, 2020, coordinated election a TABOR ballot issue concerning a change to the Town's tax mill levy to stabilize revenue in the event of a change to the residential assessment rate due to Article X, Section 3 of the Colorado Constitution as set forth herein. WHEREAS, the Fraser Town Board hereby finds, determines and declares that this Resolution will promote the health, safety and general welfare of the Fraser community. NOW THEREFORE, BE IT RESOLVED, BY THE TOWN COUNCIL OF THE TOWN OF FRASER, COLORADO: Section 1. Recitals Incorporated. The above and foregoing recitals are incorporated by reference and adopted as findings and determinations of the Town Board. Section 2. Ballot Question. The Town Board hereby refers the following ballot question to the voters of the Town of Fraser: "WITHOUT INCREASING TOTAL TAX REVENUES COLLECTED, SHALL THE TOWN OF FRASER BE AUTHORIZED TO ADJUST ITS MILL LEVY ANNUALLY TO OFFSET REVENUE REDUCTIONS CAUSED BY STATE IMPOSED CHANGES TO THE PERCENTAGE USED TO DETERMINE ASSESSED VALUATION, INCLUDING ANY CHANGES MADE PURSUANT TO THE 1982 GALLAGHER AMENDMENT TO THE COLORADO CONSTITUTION, SO THAT, TO THE EXTENT POSSIBLE, THE REVENUES GENERATED BY SUCH MILL LEVY ARE THE SAME AS THE TAX REVENUES THAT WOULD HAVE BEEN GENERATED HAD SUCH CHANGES IN THE METHOD OF CALCULATING ASSESSED VALUATION NOT OCCURRED?" Section 3. Town Clerk is Designated Election Official. The Town Clerk is hereby appointed as the designated election official of the Town for performing acts required or permitted by law in connection with the election. The Town Clerk is hereby directed to certify the ballot content, including the ballot question set forth herein, to the Grand County Clerk and Recorder. READ, PASSED, ROLL CALL VOTE, AND ADOPTED BY THE BOARD OF TRUSTEES THIS 2ND DAY OF SEPTEMBER 2020. Votes in favor: -1 BOARD OR TRUSTEES OF THE OWN OF Votes opposed: Q R- C RADO Abstained: Absent: Mayor ,oN OF FS• °.<<`o FATTEST: ('.E5AL gitA)64:1,1k elAgiJefr COLORADO