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Castle Rock voters in November will decide whether the Town should retain its $714,580 TABOR surplus or whether the money should be refunded to taxpayers through a water bill credit.
2015 marked the first time in a decade the Town exceeded its Taxpayers Bill of Rights (TABOR) revenue limit. Various factors contributed to the surplus, including strong sales tax growth and contributions for the construction of the North Meadows Extension and Philip S. Miller Park.
Town Council this summer collected community feedback and held a series of public hearings regarding how the surplus should be resolved. Council ultimately decided Tuesday to ask voters whether the Town should keep the money to spend on local services. The following question will appear on the Nov. 8 General Election ballot:
SHALL THE TOWN OF CASTLE ROCK BE PERMITTED TO RETAIN AND EXPEND UP TO $714,580 OF EXCESS 2015 REVENUE FOR POLICE, FIRE, EMERGENCY MEDICAL SERVICES, AND TRANSPORTATION PURPOSES AS A VOTER APPROVED REVENUE CHANGE UNDER ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION (TABOR)?
If a majority of voters say yes to the question, the Town will retain and expend the funds as approved. If a majority of voters say no to the question, the resolution of the surplus will default to a refund, which is the other option under TABOR.
Town Council Tuesday decided that the refund will be accomplished through a one-time utility bill credit to all residential Castle Rock Water customers who are active in the water billing system as of the December 2016 billing date who were also active customers as of Dec. 31, 2015.
The Town anticipates the number of recipient accounts being about 16,500, meaning each residential account would be credited about $43 if voters reject the ballot question, triggering the refund.
Comments for and against the TABOR ballot question may be submitted to the Town Clerk for inclusion in a ballot issue notice that will be mailed to registered voters prior to the election. To be included in the notice, comments must be submitted by a registered voter eligible to vote on the issue.
Comments must total fewer than 500 words; if multiple comments are received, the Town Clerk will summarize them. Comments must be received by the clerk no later than 5 p.m. Sept. 23 and must include the address and signature of the submitter. Comments may be delivered to 100 N. Wilcox St. or emailed to smisare@CRgov.com. Additional details can be found online at CRgov.com/2015TABOR.