| | Notice of Public Hearing: Monday, August 20, 2012
|
City and County of Denver
Councilwoman Robin Kniech
City Council At-Large
(720) 337-7712
One Hour Public Hearing on Proposal to Deliver Sustainable Financial Future for Denver
Council Legislation to “De-bruce” Denver’s Local Revenue
Monday, August 20
1437 Bannock Street, 4th Floor
City Council Meeting Begins at 5:30 pm
Sign up to speak during Council Meeting break
(public hearing will begin at the close of the consent agenda, no earlier than 6 pm)
The Denver City Council is in the process of considering CB12-0566, which would send a question to the November ballot for Denver voters, asking for permission to retain all taxes collected under our current rates, without raising those rates now or in the future without a vote of the people. This measure, commonly known as “de-brucing” would allow Denver to retain what it already would have collected under current tax rates, taking Denver out from under a state-mandated formula hidden deep within TABOR that has limited what the city can retain at the same time we have been cutting services and closing the city to our residents to make up for a persistent budget gap.
The legislation commits to using these funds to restore services ranging from police and fire, to parks and programs for children, as well as restoring library hours to 48 hours/week and paving streets that have gone unpaved for decades. More than 85% of the cities and counties in Colorado have “de-bruced” to free themselves from the state mandated formula, while still preserving the citizen’s right to vote on any change in tax rates.
· For low-income seniors and disabled, the legislation includes doubling of the Property Tax Rebate program to mitigate impacts to vulnerable renters and homeowners.
· For equipment-intensive businesses that seek to expand, including manufacturers, the legislation includes a narrowly crafted credit on the Business Personal Property Tax to help spur new investments and job creation.
The de-brucing proposal is just one piece of the Mayor’s package to tackle the City’s structural financial deficit, which also includes $55 million in annual cost savings and efficiency measures. The package included de-brucing on the recommendation of a Task Force of business and community leaders, while simultaneously rejecting recommendations to consider other tax or fee hikes.
The Mayor's Full Response to the Structural Financial Task Force Recommendations:
De-Brucing Proposal Outline:
Councilwoman Robin Kniech's Statement:
City Council De-Brucing bill:
Denver City Councilwoman Robin Kniech, At-Large
City & County Building, 1437 Bannock Street, Room 432 | Denver, CO 80202 | 720-337-7712
Follow Robin Kniech:
@Robin Kniech, Denver City Council At-large 
@kniechatlarge Visit Robin's Website: www.Denvergov.org/RobinKniech
Subscribe to:
Post Comments (Atom)
|
0 comments:
Post a Comment