HomeMy WebLinkAboutRESOLUTION 14-92n C
RESOLUTION 14-92
WHEREAS,the General Election Ballot for November 3,1992
contains the proposed “Amendment #1”to the State Constitution,
also known as the “Bruce Amendment”,or the “Taxpayers Bill of
Rights”;and
WHEREAS,provisions in the proposed Amendment #1 limit future
Town revenue and expenditure growth to a percentage increase based
upon the Denver—Boulder Consumer Price Index plus local growth,
unless additional revenue is approved at an election;and
WHEREAS,in the opinion of the Board of Trustees,the election
process specified in Amendment #1 is unwieldy,unresponsive,and
unnecessarily complex and expensive;and
WHEREAS,in the opinion of the Board of Trustees the long-term
effects of this amendment will be a significant loss of revenues
and a correspondingly lower level of expenditures,resulting in a
decrease of local services,loss of financial flexibility,and
possible impairment of the Town’s credit rating;and
WHEREAS,legal and accounting questions raised by the language
of the amendment will necessitate lengthy and costly
interpretations by the courts.
NOW,THEREFORE,BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE
TOWN OF ESTES PARK:
The Board of Trustees of the Town of Estes Park officially
opposes adoption of Amendment #1,and urges all electors of
the Town of Estes Park to vote “No on #1”on election day.
DATED this
_______
day of
_____________,
1992.
TOWN OF ESTES PARK
S%L 7d
Mayor
ATTEST:
/7 X tL—1O (3&-tf)
Town Clerk
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