The measure would allow the city of Lakewood to keep $12.5 million dollars in already collected tax revenue. Of that amount, $8.5 million would go to parks, playgrounds and open space. $2 million would go to traffic signals, turn lanes and sidewalks, and an additional $2 million would go to improving police services.
Without this measure, the city would be forced to refund this money as a result of the TABOR amendment's byzantine rules, which make it impossible for tax revenues to keep up with the demands of a booming economy.
Importantly, 2D wouldn't be a tax increase. In fact, tax rates would stay the same. The only difference is that the city would be able to keep all of the money currently being collected at those rates. That money could make a big difference, however, in a city with lots of popular projects but not enough money to fund them.
Really, 2D should be an easy yes. Let's keep Lakewood moving forward!
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