#ColoradoSprings sales tax revenue up, stormwater infrastructure could benefit

Colorado Springs with the Front Range in background. Photo credit Wikipedia.

From The Colorado Springs Gazette (J. Adrian Stanley ):

The budget proposal assumes the stormwater fee measure on the Nov. 7 ballot will not pass, but Suthers is prepared to submit an amendment to City Council if it does.

A big chunk of the anticipated increase in revenue is from sales tax collection increases. At times, the city has needed to refund sales tax collections that grew quickly, due to revenue growth limits set by the Taxpayer’s Bill of Rights. But this year, and in 2018, the city will be able to keep $6 million per year in revenue overage thanks to a measure approved by voters in April. That money is dedicated to stormwater projects. (The city is aggressively dealing with drainage issues, in part, because it’s being sued by the federal government for violation of the Clean Water Act.)

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