Rivera clarifies tax-shift idea
Published June 18, 2008 by CSBJ Staff
During yesterday’s State of the City address, Mayor Lionel Rivera said that Colorado Springs should consider shifting funding for public safety from sales tax revenue to “more stable” property tax revenue.
And, while such a move might appear to necessitate a property tax increase to maintain funding levels, Rivera said his plan would not include an increase.
“As a point of clarification, when I used the term ‘shift’ I mean just that,” he said in a post to the CSBJ Daily blog. “As an example, we could ask our citizens at a city election to replace the 0.4 percent Public Safety Sales Tax with a 5.32 mill levy. It would be the same dollar amount, but a more stable funding source.”
Filed under CSBJ Daily, Rivera