Letter to the editor: Vote no on Denver's bond proposals

Posted 9/30/21

Vote no on bond proposals There are several reasons to vote NO on Denver’s five bond proposals (Questions 2A through 2E). Your property tax payments will increase: Although the property tax rate …

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Letter to the editor: Vote no on Denver's bond proposals

Posted

There are several reasons to vote NO on Denver’s five bond proposals (Questions 2A through 2E).

Your property tax payments will increase:

  • Although the property tax rate for debt repayment may not change, the total property taxes you actually pay will increase (a lot!), given the recent increase in property values.
  • The city can increase the tax rate for debt repayment up to 30% without your vote.

Taxes now available to the city for spending in 2021 and 2022:

  • $77.5 million — new economic recovery taxes.
  • $308.5 million — state and federal taxes transferred to the city for spending.
  • $386 million — TOTAL available for many of the proposed projects to be financed by this debt issue.
  • $450 million — new bond taxes from this and four other bond ballot questions.

Adding the taxes listed above plus the new bond taxes will almost double city spending to $836 million. To paraphrase the late U.S. Sen. Everett McKinley Dirksen: A hundred million here, a hundred million there — sooner or later it adds up to real money.

If you agree the city should wait and prudently spend available taxes before asking for $450 million of new taxes, you should vote NO on this ballot question.

Douglas Windes of Denver’s Platt Park neighborhood. Windes is a retired government employee who worked on several bond issues and served as state cash manager in the Colorado State Treasury.

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