From The Pueblo Chieftain (Peter Roper):
Pueblo County and city government officials are facing a tough budget year in 2011, but they don’t even want to imagine the difficulties if state voters approve the tax-cutting ballot measures known as Amendments 60, 61 and Proposition 101…
But when council asked Finance Director Sam Azad what would be the impact of the three ballot measures, he was blunt: Taken together, the city would lose $10 million in revenue in 2011 and up to 15 to 20 percent of its revenue over the next three years…
Calvin Hamler, Pueblo County’s finance director, said county revenues would shrink by $7.7 million next year if the ballot measures pass. “We’d see a loss of $6.4 million in property taxes alone in the first year,” Hamler said last week…
Proposition 101 would be more expensive, by Azad’s computations. The city would lose $6.7 million in revenue from a list of tax cuts or eliminated fees. The biggest item on the list would be the loss of $3.2 million in lost sales tax on telecommunications, auto sales and rentals.
Looking at the county’s budget for 2011, Hamler said Amendment 60 would cost $6.4 million in property tax revenue and $1.3 million more if Proposition 101 passes as well. While Pueblo city government depends on sales tax revenue, county government leans heavily on property tax receipts.
Hamler is forecasting property tax revenue of $41 million in 2011, but the passage of Amendment 60 would cut that down to $34.6 million.
More coverage from the Vail Daily (Chris Romer):
These issues have broad, bipartisan opposition across both sides of the aisle.
Our State Senator, Al White (R), said, “You know what the contingency for 60, 61 and 101 is? There isn’t one. Move to Wyoming. My position is hell no. No way.”
Add to that State Senator Greg Brophy (R), who said, “It’s like losing your job and getting sick at the same time. I’m for limited government, but not no government.”
Colorado Attorney General John Suthers (R) called these tax-cutting measures “pure anarchy.”
Weld County Commissioner Sean Conway (R) said “these measures make matters much worse in Colorado. They eliminate jobs, keep employers from moving to Colorado and putting people to work and push Colorado deeper in recession.”
The Denver Post, in an editorial against these issues, summed it up with the understanding that 60, 61 and 101 “might be tempting for some voters. But they would be devastating for Colorado.”
The Aurora Sentinel says, “Proposition 101 isn’t just a bad bill, it’s an insidious leap toward catastrophe disguised as economic aid for taxpayers.”
More 2010 Colorado elections coverage here.
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