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I never meant to imply that the brochure I referenced covers everything there is about school financing Scott, only that you cannot draw a straight line from TIF financed URAs to a loss of funding for K-12 in Colorado. I can draw a straight line from TABOR to devastating impacts to CDE funding though!
Here is what I am suggesting... you might state that there is "harm" to RE-2 because you are assuming that the proposed improvements will not cause a resulting increase in property tax valuations that offsets the diversions. I'd argue, very convincingly of course, that you were mistaken and the upside is huge; however that argument is a red herring altogether because the State does not evaluate the distributions to any particular district based on whether or not the local taxing authorities have approved a URA with TIF Financing. Period!
So the argument here as I understand it is that the overall strength of CDE funding in the State of Colorado is somehow weakened by allowing URA financing by TIF. But I would argue that this is an incredibly successful method by which the State stimulates growth and ultimately strengthens the economy by encouraging private development and a growing property tax base. This is just not black and white and the your conclusions are based on unproven assumptions or predictions... as of course mine are too... ;)
Sometimes the changes we want to see in our community just need a bit of a kick start. Now is a good time to invest in some basic infrastructure improvements in our core business center and this is a very unique opportunity to leverage our growth to get it done today.
I know I mentioned it previously, but just to reiterate, I hugely appreciate the challenge you have taken on to serve on the school board. Indeed it is probably the most difficult community service role one could shoulder. I'd argue it's more difficult than serving on City Council any day. So thank you again.
As I see it though this is not a question of you simply being able to connect the dots for us to demonstrate that there is a direct correlation between a local URA using TIF financing and the State's funding to a school district. In fact I would argue that you have to add a bunch of dots that aren't there for you to complete that line of reasoning. Here is how the state calculates funding to a school district: http://www.cde.state.co.us/cdefinance/fy2014-15brochure. There is nothing referencing local TIF collections, or any other local tax issues for that matter. By the same reasoning EVERY other state expenditure, grant, or tax exemption needs to be evaluated by the same yardstick as potentially impacting school funding.
I completely agree that the State of Colorado can do better by our children. Every dollar spent on early childhood education saves the state somewhere between 10 and 20 dollars down the road. I get it. If the US intends to keep its place ahead of the pack we had better start getting serious about educating our future generations. The real problem in the State of Colorado is TABOR, not some local communities trying to spur development, improve safety, or leverage a rising real estate market to fund improvements that ultimately will lift all our boats... including RE-2s!
Mr. Shelesky is correct. Sometimes I am amazed at the level of arm-chair quarterbacking that goes on in this forum. Please remember that there are 7 Council members who spend huge amounts of their time with little reward working for this community in this political capacity. They are not conspiring to spend your money and they are not conspiring to enrich some faceless corporations or individuals unfairly. They work every day to represent the citizens in the process, to make our community better, to make our neighborhoods safer, and to make this a wonderful place to live and visit. I will probably never agree with all 7 of them on any issue, but I thank all of them for stepping up and doing their jobs, sometimes in the face of harsh criticism.
Indeed, there is a danger to doing nothing. Council is wise to recognize that the recovering economy presents a unique opportunity to leverage future gains in sales and property taxes towards some projects that are long overdue. The vast majority of the financing, 85 or 90% if I recall (as the staff most recently proposed), would come from future sales tax gains, and it is possible that the council may end up deciding to exempt property taxes from this URA altogether. That is a decision they have not made yet.
In my opinion, it is unfortunate that there are still those who are suggesting that the school district stands to lose from this deal. Through the URA process, The State of Colorado will back-fill any revenues redirected to the URA, and the City has suggested taking the guarantee to the school district one step further and directly contracting with the RE-2 district to hold their revenues "harmless" should the URA be approved in order to protect from a scenario where the State fails to meet its obligations to the district. Some members of the school board feel that this puts them in a position of being more beholden to the State for its financing, and while they are entitled to that political viewpoint, it is disingenuous to further suggest that the local school district will be financially harmed.
So council, I second Steve Shelesky's sentiment... be bold, show leadership, and move forward with the downtown URA. Thank you for your service.
George, although I disagree with your viewpoint on this issue, I respect your right to disagree with me loudly. Let's just agree to keep it civil please. I cannot understand what is gained with personal attacks.
I could not agree more with Bill Dalzell on this issue. George, you clearly don't get it, or you think it is no big deal. Well, it is a big deal, and Karen should be applauded for stepping into the fray to stand up for what is right. I confronted a man in Whistler Park the other day who casually looked around to see if anyone was watching while his dog pooped. Of course, he was hoping nobody was watching, or nobody would say anything if they were watching. He was wrong, and I'm not the type to let stupid people get away with disrespecting my neighborhood that way. After some cajoling, he finally grabbed one of the bags that are stocked at the front entrance and did the right thing. The thing is that this problem only improves if dog owners are convinced to do the right thing, and people who stand by and let the idiots get away with that nonsense also contribute to the problem. So even if you are a responsible dog owner and always pick up after your dog, maybe you should also consider taking a page out of Karen's book and make the idiots out there understand that their actions do impact us all.
It is certainly disappointing to hear that the outreach from the City to the School Board has been inadequate. I think that is good feedback for them. Having seen the success that a URA has had on the mountain, I will admit that I am probably biased towards thinking that they can be a very useful tool and tend to also stimulate private investment, and I will admit that I still see more positives than negatives in the downtown URA, for the City as a whole, and for the school district. But I do appreciate your perspectives and you put forward some issues I had not considered. Thanks for taking the time to reply.
I can understand your concerns Scott, and applaud your stewardship of our children's education funds. The presentation that City staff gave the Chamber board on the URA this past week was for a fairly narrow and well defined list of projects. It is anticipated that the URA would collect revenue for 12-13 years in order to fund the pared down project list. Also, it is my understanding that the City, or the URA, would enter into an agreement with RE-2 which guarantees that all tax revenue to the schools will be back-filled, and if for some reason the State cannot meet its obligations to the school district to back-fill the tax revenue, that the URA will cease altogether. Great care is being taken to make sure that there is no downside for the RE-2 school district.
Actually Scott is mistaken. My understanding is that the State of Colorado back-fills any tax revenue from school districts that goes to the URA so in fact there is no revenue to RE-2 school district that is lost to the URA. Not only that, but the reality is that the increase in property values that results, and the likelihood of additional private development will result in an overall increase in RE-2 revenue. The school board may philosophically disagree with the URA mechanism because of its increased reliance on the State to back-fill the dollars, but that does not change the fact that they would not lose ANY tax revenue if the URA is implemented.
I second George's sentiment as well and would like to thank you for serving on the school board, Scott. Your service is appreciated.
How did Kenny Reisman get the job? He ran for the seat in 2009 and defeated the candidate he ran against. Kenny is in his fifth year of service on City Council. Perhaps he decided that another 2-year commitment was more appropriate for him and his family than another 4-year term?
Rob is expert at pulling a couple of sentences from countless hours of dialogue and Monday morning quarterbacking them into the local column. That's his job and he is good at it. I know that this community is deeper than that nonsense though. I'd encourage the rest of the Monday morning quarterbacks on this forum to walk a mile in a man's shoes before judging him.
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