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Ballot Measures 6061101 Colorado’s Economy Under Attack.

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Presentation on theme: "Ballot Measures 6061101 Colorado’s Economy Under Attack."— Presentation transcript:

1 Ballot Measures 6061101 Colorado’s Economy Under Attack

2 What are these proposals? Measures designed to destroy tax revenues in Colorado Address Property Tax, Borrowing, & Tax Reflief Being sold as tax relief in a time when government spending is out of control Means of taking advantage of the economic catastrophe & playing on fears of irresponsible government after the Wall Steet bailout

3 Limits Property Tax Government controls taxation, citizens should decide No losses to school funding Current law ignores Tax Payers Bill of Rights Amendment 60 Property Tax What they are claiming

4 Schools would lose $1 billion in funding School district tax cut by 50% State would have to make up difference, but they are already facing massive deficits Would overturn hundreds of local De-Brucing elections Amendment 60 Property Tax THE TRUTH These De-Brucings have allowed municipalities to fund their FIRE DEPARTMENTS

5 Amendment 60 Property Tax They show that tax revenue is up 183% Fail to show as a comparison of property values

6 Bonds, Leases, & Contracts have created a massive debt in our state Need responsible borrowing Need to return to 1876 law to ensure we are living within our need Streamlines the Colorado Constitution Amendment 61 Borrowing What they are claiming

7 Eliminate Colorado’s ability to improve infrastructure Does away with state and local bonding Creates unreasonable time frame to pay back bonds- eliminating all large scale projects No longer use tools to “even out” cash flow during slow revenue times-impeding services & the ability to provide payroll Colorado will not attract investment because of failure to invest in our own state Amendment 61 Borrowing THE TRUTH

8 Amendment 61 Borrowing ELIMINATES BONDING ★ NO NEW FIRE HOUSES ★ NO NEW APPARATUS ★ NO NEW TRAINING FACILITIES ★ NO LARGE SCALE IMPROVEMENTS

9 Tax relief by making the car registration fee a flat $10 Removes car rental fee Reduces income tax to 3.5% Removes fees on telecommunications Proposition 101 Tax Relief What they are claiming

10 Eliminates a major funding source for our roads Road funding for municipalities slashed as well CDOT estimates the loss of $277 million annually Elimination of 25% of states revenue from income taxes Proposition 101 Tax Relief The Truth

11 Who is Supporting it? Tom Tancredo Dan Maes And of course! Douglas Bruce

12 What’s the CPFF doing? ★ Funding Coloradans For Responsible Government ★ Donated $20,000 from EDF ★ Full website resources for our affiliates ★ Flyers for our affiliates ★ Mail all CPFF members ★ Yard sign central point distributing

13 What we can do Educate! Educate! Educate! Email your friends & family Hand out flyers Talk to fellow fire fighters VOTE NO!!!! Donate to the campaign Goal $8.00 per member Donate to the campaign Goal $8.00 per member

14 Bottom Line State & local governments will suffer a $4.2 billion dollar deficit We will be the only state that prohibits bond & public finance Cuts Colorado school funding slashed in half Loss of at least 73,000 more jobs- 8,000 being teachers Collapse of Colorado’s infrastructure & roads WE CAN’T AFFORD THESE MEASURES

15 Fire Fighters Beware Any attack on the local tax structure affects fire fighters. Municipalities have to shift priorities and because fire department budgets are a major part of any local budget they will be a big target. Be prepared for attacks on pensions, staffing, wages, & healthcare contributions. Elimination of bonds will deeply impact the ability to build new stations, remodel old stations, purchase new apparatus, or make much needed improvements to our departments.


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