Loveland voters likely will have a chance to shed the spending cap imposed by the Taxpayer’s Bill of Rights indefinitely, rather than for a specific period of time.
City councilors on Tuesday told finance managers and city attorney John Duval to draft a measure for the Nov. 1 ballot that would be similar to three others that voters have passed since 1994.
But it will not contain a sunset provision, as the others have.
Election costs, and the city’s long-term fiscal planning process, were reasons sufficient to drive the council’s consensus to eliminate the sunset clause.
Tabor was a constitutional amendment passed by Colorado voters in 1992 that limits the amount of revenue that local governments can keep, based on inflation and growth.
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