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City of Louisville Ballot Issue 2F

Shall city of Louisville taxes be increased $550,000 in 2019 and then annually by whatever additional amounts are raised thereafter from the continuation of the city's historic preservation sales tax of 0.125 percent beginning January 1, 2019 and expiring ten years after such date; with the net proceeds of such sales tax, along with the net proceeds of a 0.125 percent rate of use tax, to be collected, retained and spent for historic preservation purposes consistent with ballot issue 2a, approved at the November 4, 2008 election; and, additionally, commencing in 2019, shall the city also be authorized to (1) expend any funds from the 0.125 percent rate of sales and use tax in the historic preservation fund, including existing fund balance, in any area within the boundaries of the city, as existing from time to time, rather than solely within historic old town Louisville, provided that any expenditure outside historic old town Louisville is approved by the affirmative vote of not less than five members of the entire city council, and (2) expend, on an annual fiscal year basis an amount not to exceed 20% of the net proceeds of such 0.125 percent rate of sales and use tax for operating and maintaining the Louisville museum campus; all as further set forth in ordinance no. 1743, series 2017; and shall the city be permitted to collect, retain and expend all revenues derived from such tax as a voter- approved revenue change and an exception to limits which would otherwise apply under article x, section 20 of the Colorado constitution or any other law?Yes__ No__MAJOR PROVISIONS:A vote “Yes” means that the City of Louisville will continue the current 0.125% Historic Preservation sales tax for another 10 years; add an option to allow expenditures from the Historic Preservation Fund for projects outside of Historic Old Town Louisville boundaries, but within City of Louisville boundaries with a supermajority vote of City Council; and expand the purpose of the Historic Preservation Fund by allowing up to 20% of the annual proceeds of the Historic Preservation sales and use taxes to be used for operating and maintaining the Louisville Museum Campus.BACKGROUND:In 2008, Louisville voters approved a 0.125% sales tax for a ten-year period beginning January 1, 2009, with proceeds spent exclusively for historic preservation purposes within Historic Old Town Louisville. The Historic Preservation Fund is available to help property owners rehabilitate and preserve those resources that contribute to the character of Historic Old Town Louisville. Participation is voluntary. Property owners can apply for residential and commercial grants for landmarked properties, new construction grants for additions or separate structures on landmarked commercial properties, and historic structure assessments that help create a preservation plan for structures. In 2008, only a handful of structures were locally landmarked. Now 37 historic properties have been landmarked, and thus protected from demolition. The Historic Preservation Fund also is used for research by the Louisville Historical Museum staff; and for special projects; public outreach; acquisition of historic properties; and administration of the program. The tax sunsets at the end of 2018.
CHOOSE TWO CANDIDATES FROM BELOW TO COMPARE
  • Yes - For the Measure

  • No - Against the Measure

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Arguments

Those in FAVOR say: 1. This is not a new tax but a 10-year continuation of an existing tax allowing the City to continue its successful grant program to encourage preservation of Louisville’s historic properties. 2. It’s a small fiscal impact for consumers. Only 12.5 cents for a $100 purchase in Louisville goes to the Historic Preservation Fund. 3. Approval will provide additional funding for the Louisville Historical Museum to allow for the staffing and development of programs that Louisville’s history deserves. 4. It will help Louisville attract visitors and keep our downtown vibrant by supporting current downtown businesses and homeowners and attracting new businesses.
No organized opposition has been identified.

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