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HomeMy WebLinkAbout2024 - RESO 43 - Supporting RTD Ballot QuestionCITY OF WHEAT RIDGE, COLORADO RESOLUTION NO. 43 Series of 2024 TITLE: A RESOLUTION IN SUPPORT OF THE BALLOT MEASURE TO CONTINUE RTD’S AUTHORIZATION TO COLLECT, RETAIN, AND SPEND REVENUES FROM ALL SOURCES, WITHOUT IMPOSING ANY NEW TAX OR INCREASING ANY TAX RATE, AS ORIGINALLY APPROVED BY VOTERS IN 1999 WHEREAS, in 1995 and again in 1999, the voters of the Regional Transportation District (RTD) approved exemptions from the Taxpayer’s Bill of Rights (TABOR) revenue limitations to facilitate the payment of certain bonds issued by RTD; and, WHEREAS, these exemptions are set to expire in November of this year upon completion of the final bond payments, thereby subjecting approximately $600 million of RTD’s annual revenue to TABOR’s revenue cap restrictions; and, WHEREAS, the continuation of RTD’s authorization to collect, retain, and spend revenues from all sources as originally approved by voters in 1999, is critical for RTD to maintain its ability to provide vital services and achieve its goals; and, WHEREAS, RTD’s services are essential for the mobility of many Coloradans who cannot or prefer not to drive, including seniors, adolescents, and those who cannot afford a car, ensuring access to jobs, education, medical appointments, and other critical services; and, WHEREAS, public transit plays a vital role in advancing regional and state goals related to air quality, climate change, and land use, including the promotion of affordable housing and environmental sustainability. NOW, THEREFORE, BE IT RESOLVED that the Mayor and City Council of the City of Wheat Ridge support the ballot measure to continue RTD’s authorization to collect, retain, and spend revenues from all sources without imposing any new tax or increasing any tax rate, as originally approved by the voters in 1999. BE IT FURTHER RESOLVED that we recognize the importance of maintaining RTD’s financial stability and operational capacity to deliver essential transit services and support the regions and state’s transportation, environmental, and land use objectives. DONE AND RESOLVED this 26th day of August 2024. _____________________________ Bud Starker, Mayor ATTEST: ____________________________ Margy Greer, Sr. Deputy City Clerk