Lafayette City Council Endorses Ballot Issue 2C
The Lafayette City Council voted 5-2 to endorse Ballot Issue 2C, a property tax increase to fund a new civic center and facility updates.
- Improvements to the Bob L. Burger Recreation Center
- A new civic center to replace the existing city hall
- Improvements to the City Service Center
The ballot measure proposes a $74 million increase to the city's debt through a general obligation bond, to be funded by a property tax increase over 20 years.
General obligation bonds can be issued by state and local governments and are backed by their taxing authority, according to the Colorado Department of the Treasury.
Author's summary: Lafayette City Council endorses tax increase for civic center.
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