FORT COLLINS — Officials in Fort Collins are wrangling over legal options while trying to decide whether they might have to give back some of the revenues they raised for a sales tax for local projects because of Colorado’s tax- and spending limits.
It may take a measure on the November ballot to resolve the issue.
A provision of the state’s Taxpayer’s Bill of Rights requires that if a new tax that brings in more revenue in its first year than projected in an election notice, the excess money must be refunded and the tax rate changed.
The Fort Collins Coloradoan reports (http://tinyurl.com/j2uadhg ) taxpayers were promised that the revenue would be used for street maintenance and transportation projects, police and fire services, parks and recreation, and other community projects.
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Information from: Fort Collins Coloradoan, http://www.coloradoan.com
