Attachment A - Ballot Measures Options Matrix

Tax Ballot Item

Increase Property Tax Cap (15 mills)

Increase Property Tax, Decrease Sales Tax

Potential 2025 Ballot Items

Estimated Revenue

~10.0-11.0M Potential

Net Zero (1 mill = ~0.1%)

Program or Service Focus Area

Who Benefits/Burden? Outcomes?

LTFS Guiding Principles

Issues to Consider

General Purposes

• Increased support for general purposes • Potential future increase to property owners

General Purposes

• Increase to property owners • Decrease to taxpayers

• Equity • Fiscal SustainabilitySufficiency • Resiliency

• Benefits: More stable city revenues • Challenges: Future property tax legislation and opposition from property owners

• Fiscal SustainabilitySufficiency • Resiliency

• Benefits: Increased tax base and city revenues • Challenges: Opposition from business community

• Fiscal SustainabilitySufficiency

• Benefits: Increasing potential property tax revenue • Challenges: Future property tax legislation and opposition from property owners

~50.0M Ranges widely

General/Dedicated

Public Realm Sales Tax (expansion of existing capital funds)

~15.0-25.0M

General/Dedicated

• Maintains current tax levels by combining existing dedicated funds

• Funding Flexibility

• Benefits: Maintains same tax burden for taxpayers, increases flexibility across existing funds • Challenges: Potential community concerns with combining existing dedicated funds

General Purposes Mill Levy (1.352 mills)

~5.0-7.0M

General Purposes

• Increased taxes for property owners • Increased support for general/dedicated purposes

• Fiscal SustainabilitySufficiency

• Benefits: Increased tax revenue • Challenges: Future property tax legislation and opposition from property owners

~5.0-7.0M

Dedicated, Capital Infrastructure and O&M

• Increased support for public spaces and infrastructure, ROW, parks, open spaces, civic buildings

General Purposes

• Contributions to general purposes; tax burden for second homeowners

• Revenue diversification • Revenue sufficiency • Funding flexibility • Equity

• Benefits: Applies to narrow taxing base, Contributes to general purposes • Challenges: Difficulty in administering, Need to define "vacant” – no current category for owner-occupied home, Self-reporting and enforcement considerations, Tax estimates margin of error

• Support for future capital projects

• Funding flexibility • Contingency planning

• Benefits: Setting up pathway for future infrastructure and financial planning, Utilizes existing revenues - no tax increase or expansion • Challenges: Limited General Fund capacity on short-term horizon, No direct immediate benefits

Public Realm Mill Levy (1.352 mills) or Expansion Only

Second Homes (Vacancy) Excise Tax

General Fund Debt Capacity (No tax increase)

~$1.0-2.0M

~$75.0-100.0M Debt Capacity

General Purposes/Capital Flexibility

• Fiscal SustainabilitySufficiency • Funding Flexibility

City of Boulder

Sales Tax on Services

• Shift tax base to match economy • Increased support for general/dedicated purposes • Potential increase in prices for services

• Benefits: Expanding and increasing existing funding, more stable revenue for capital and O&M needs, ability to leverage financing • Challenges: Opposition to adjusting dedicated revenue sources, continuation of dedicated revenue, future property tax legislation and opposition from property owners