January 11, 2019
Council Looks at Tax Re-Authorization Plan
The Greeley City Council began discussing a sales and use tax re-authorization plan for the two sales taxes voters reauthorized in the November election. The Greeley Area REALTOR® Association supported both measures, the .30 percent Quality of Life tax and the .16 percent Public Safety tax.
Staff reported the construction and staffing of the new Promontory fire station and the renovation of the fire station on Reservoir Road will require some form of borrowing, even with the public safety sales tax which generates $3.4 million a year. The majority of the revenue from the Quality of Life tax ($30 million) will be used to improve two key interchanges on Highway 34 in partnership with the Colorado Department of Transportation.
Staff is currently working on debt structure and revenue models and the bulk of the discussion Tuesday were related to educating the Council concerning the staff’s models and assumptions. Staff gave recommendations on the timing for all these projects based on those models, however, final approval will occur at future Council meetings.
IRES MLS: Come Home to Colorado 