2019 Regular Municipal Election
2019 San Miguel County Official Election Results
Official election results can be found HERE. (Posted: November 25, 2019)
TAX PAYOR BILL OF RIGHTS (TABOR) Ballot Measures
Telluride voters will consider two ballot measures in the November 05, 2019 election:
TELLURIDE BALLOT ISSUE 2A: AUTHORIZATION TO INCREASE TOWN DEBT BY NOT MORE THAN $7,400,000 TO FINANCE IMPROVEMENTS TO THE TOWN’S WASTEWATER TREATMENT PLANT AND TO PLEDGE WATER AND/OR WASTEWATER ENTERPRISE REVENUES TO THE PAYMENT OF THE DEBT.
SHALL THE TOWN OF TELLURIDE DEBT BE INCREASED NOT MORE THAN $7,400,000 WITH A TOTAL REPAYMENT COST OF NOT MORE THAN $15,250,000 FOR THE PURPOSE OF FINANCING THE ACQUISITION, CONSTRUCTION AND EQUIPPING OF UPGRADES AND IMPROVEMENTS TO THE TOWN’S WASTEWATER TREATMENT FACILITY; AND SHALL THE DEBT BE PAID FROM THE TOWN’S WATER AND/OR WASTEWATER ENTERPRISE REVENUES AND OTHER AVAILABLE REVENUES OF THE TOWN IF NEEDED AND AS HEREAFTER PROVIDED BY TOWN COUNCIL; AND SHALL SUCH DEBT BE ISSUED IN ONE OR MORE SERIES AT SUCH PRICES AND WITH SUCH TERMS AS THE TOWN MAY DETERMINE INCLUDING PROVISIONS FOR REDEMPTION PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM?
TELLURIDE BALLOT ISSUE 300: A CITIZEN-INITIATED ORDINANCE AUTHORIZING THE TOWN OF TELLURIDE TO INCREASE TAXES IN 2020 BY LEVYING AN ADDITIONAL EXCISE TAX OF 2.5% ON THE AMOUNT CHARGED TO ANY PERSON LEASING A SHORT-TERM RENTAL UNIT FOR THE PURPOSE OF FUNDING AFFORDABLE HOUSING AND AFFORDABLE HOUSING PROGRAMS.
BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF TELLURIDE:
Whereas, residents of the Town of Telluride (the “Town”) are experiencing a severe shortage of affordable housing opportunities within the boundaries of the Town; and
Whereas, an increase in funding sources is need to alleviate the shortage of affordable housing available to residents of the Town; and
Whereas, an additional excise tax of 2.5% on all persons renting non-commercial short-term rental units within the Town would assist in alleviating the demand for affordable housing by providing a dedicated funding source for affordable housing and affordable housing programs; and
Whereas, the short-term rental unit excise tax would allow the Town to use all or any portion of the net proceeds of such excise tax to finance the construction of affordable housing or affordable housing improvements.
NOW THEREFORE BE IT ORDAINED AS FOLLOWS:
Section 1. Town is hereby authorized to increase taxes $800,000 in 2020 (first full fiscal year dollar increase) and then annually by whatever additional amounts are raised thereafter from the levy of an additional excise tax of 2.5% on the amount charged to any person leasing a short-term rental unit for the purpose of funding affordable housing and affordable housing programs provided, however, that such tax shall not apply to hotel units, accommodations, or short-term rental units classified as commercial property by the San Miguel County Assessor.
Section 2. Town is hereby further authorized to increase debt by $9.9 million, with a maximum repayment cost of $18.8 million, subject to the following:
All or any portion of the net proceeds of such additional excise tax, as determined by the Town Council, shall be collected, retained and spent to finance the construction of affordable housing improvements and incidentals for such improvements, or to pay debt service on debt issued for such purposes, or to pay the costs of operating or maintaining the affordable housing; and
The excise tax increase shall commence January 1, 2020; such debt shall be payable from the Town excise tax authorized herein or any other available revenues of the Town as determined by the Town Council; any such debt may be sold in one series or more, on terms and conditions as the Town Council may determine, including provisions for the redemption of the bonds prior to maturity with or without premium of not to exceed 3%.
Section 3. The proceeds of such debt and taxes and the earnings thereon or on the investment of such debt proceeds (regardless of amount) hereby shall constitute a voter approved revenue change and an exception to the revenue and spending limits of Article X, Section 20 of the Colorado constitution.
Section 4. Town staff is hereby further authorized and directed to draft implementing legislation to be approved by the Town Council that specifically incorporates and advances the excise tax set forth herein as approved by the electorate, including but not limited to Town staff formally naming such excise tax the "Affordable Housing Tax."
Section 5. The provisions of this ordinance are severable and the invalidity of any section, phrase, clause, or portion of the ordinance as determined by a court of competent jurisdiction shall not affect the validity or effectiveness of the remainder of the ordinance.
Section 6. This ordinance shall become effective after the date of publication of notice of its adoption and passage by the Town Council if submitted to the electorate by Town Council pursuant to Sections 6.6, A.3, of the Telluride Home Rule Charter, upon the canvas of returns and publication of an abstract of election evidencing that a majority vote of registered electors of the Town have voted in an election in favor of the foregoing initiated ordinance.