- Associated Press - Saturday, August 13, 2016

FORT COLLINS, Colo. (AP) - Officials in Fort Collins are wrangling over legal options while trying to decide whether they might have to give back some of the revenues they raised for a sales tax for local projects because of Colorado’s limits on taxes and spending.

It may take a measure on the November ballot to resolve the issue. Taxpayers were promised that the revenue would be used for street maintenance and transportation projects, police and fire services, parks and recreation, and other community projects.

Fort Collins voters approved the 0.85 percent tax with 60 percent of the vote in 2010.

A provision in the state’s Taxpayer’s Bill of Rights (also known as TABOR) requires a taxing authority to refund money collected above the amount projected in the election notice. It also calls for adjusting the tax rate so that it brings in the projected amount, but voters can give permission the city to keep extra revenue in another election, the Fort Collins Coloradoan reported (https://tinyurl.com/j2uadhg ).

Officials say the city could be forced to refund up to $10 million.

The Fort Collins City Council is expected to consider publicly releasing a legal memo analyzing the city’s situation on Sept. 6.

City officials have said they were not aware of the TABOR requirement until it was brought to their attention this year.


Information from: Fort Collins Coloradoan, https://www.coloradoan.com

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide