Littleton will ask voters in the November election if it can keep nearly $2 million in excess tax revenue to pay for pavement improvements and road-safety upgrades.
The city says for the 2016 fiscal year, Littleton’s tax revenues exceeded its Taxpayer’s Bill of Rights limit by $1,937,904. The excess must be refunded in the next fiscal year unless voters say the city can keep the money.
Littleton’s City Council wants to spend the money on projects and is asking voters to approve two questions so it can.
The first question asks voters to allow the city to retain $1,392,904 in excess money for pavement improvements on residential streets and $545,000 for intersection safety upgrades at Bowles Avenue and Federal Boulevard
“The second question concerns adjusting the base used for calculating the TABOR limit,” the city said in a news release. “If voters approve the question, the revenue base will be updated to the 2016 level. If voters don’t approve the question, there will likely be excess revenues in future years, which cannot be spent to meet city needs.”
The city says Littleton voters have approved the spending of excess tax revenue under TABOR five times since 1994 to pay for parks, roadwork, fire department upgrades and school zone signs, among other tings.
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