Vote ‘yes’ for Silverthorne TABOR exemption
Silverthorne Economic Development Advisory Committee (EDAC)
At the July 21 Silverthorne Economic Development Advisory Committee (EDAC) Meeting we voted to support the town’s TABOR exemption ballot measure, which will be before Silverthorne voters in November. Silverthorne voters have a decision to make on November 3, and from the EDAC perspective it’s a straightforward decision that hopefully will bring about a “yes” from voters. In 1994, Silverthorne voters approved a ballot measure which exempted the town’s revenues from TABOR limitations. This exemption is set to expire in 2013, and it is important that the town secure a permanent exemption from TABOR to ensure the long-term ability to provide the variety of services we now expect from our local government.
TABOR is a Colorado constitutional amendment enacted in 1992, and since that time the vast majority (about 86 percent) of Colorado’s 271 local governments have been fortunate to see their voters approve exemptions to the revenue restrictions of TABOR. The reasons to continue the Silverthorne’s revenue exemption are quite simple; the Silverthorne Pavilion, North Pond Park, and an expanded Blue River Trail provide several concrete examples of the benefits we have seen from the current TABOR exemption. Without the current TABOR exemption, the town’s budget simply could not have supported these types of capital improvements, or many of the ongoing daily services provided by the town. Silverthorne voters were very smart to approve the exemption in 1994, and we hope voters will see fit to make this exemption permanent. This would enable the town to continue providing the services we expect local government to provide, including recreation services, parks and street maintenance, to name just a few.
When the topic of town revenue is discussed, it’s always important to remind Silverthorne property owners that the Town of Silverthorne does not collect a property tax, so it is sales taxes that provide the majority of the town’s revenues. It’s also important to note that the current and proposed TABOR exemptions still require the town to receive voter approval for any new taxes or tax increases. Voting “yes” to support a permanent TABOR exemption will simply allow the town to continue the current revenue and expenditure exemption which has served the town so well since 1994.
I would encourage anyone that has questions about the current TABOR exemption and its relationship to the town’s budget to contact Silverthorne’s Finance Director Donna Braun at 262-7300.
(EDAC is an 11 member advisory committee appointed by the Silverthorne Town Council, created to capitalize on the experience and expertise of the local business community through a review of issues related to economic development and a sustainable business climate in Silverthorne.)
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