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Home My WebLink AboutRESOLUTION 19-0500RESOLUTION#19-05ARESOLUTIONSUPPORTINGREFERENDUMC&DTHECOLORADOECONOMICRECOVERYACTWHEREAS,therecentrecession,combinedwiththeSeptember11attacks,causedourstaterevenuestodrop16percent,forcingColoradotocut$1billioninspendingthepastthreeyears,andWHEREAS,withoutimmediaterelief,stateofficialswouldhavetostartmakingevenmoremassivecutsnextyearinfundingforschools,roadsandhealthcare,evenasthestate’sgrowingpopulationcreatesdemandsformorespending,and;WHEREAS,Coloradomustremaincompetitivewithotherstatesinseekingnewjobsandinvestmentfromcompaniesthatdemandgoodroadsandschoolswhenevertheyexpandtheiroperations,and;WHEREAS,theStateofColoradowillneed$3.1bithonoverthenextfiveyearstorestoreservicesthathavebeencut,rangingfromMedicaidtohighereducationtostrategictransportationprojects,and;WHEREAS,theColoradoEconomicRecoveryActproposesaskingvotersattheNovember2005CoordinatedElectiontoforgotheirTABORtaxpayerrefundsforfiveyearsandletthestateearmarkthatmoneyforeducation,healthcare,transportationandretirementplansforfireandpolice,and;WHEREAS,inthesixthyear,2011,ifrevenueexceedstheamountthestatecanspendontheseservices,thefirst$100millionwillpaybondingobligationsforconstructionandotherneeds,includingschoolsandroads,and;WHEREAS,in2011,theincometaxratewoulddropfrom4.63percentto4.5percentandremainthereeveryyearthereisaTABORrefund,and;WHEREAS,together,wemusthelpColoradorecoverfromourongoingbudgetchallenges,NOW,THEREFORE,BEITRESOLVEDBYTHEBOARDOFTRUSTEESOFTHETOWNOFESTESPARK,COLORADO:TheBoardofTrusteesherebydeclaretheirfullsupportof,andurgeaYESvoteforTheColoradoEconomicRecoveryActappearingasReferendaC&DontheNovember1,2005,statewideballot.1 00INTRODUCED,READ,andADOPTEDthis3dayofcsr2005.TOWNOFESTESPARKA’ATTEST:To’4nblerk---2