Ballot Issue 2B - Tax Increase to Fund City Street and Road Work

SHALL CITY OF ENGLEWOOD TAXES BE INCREASED NOT MORE THAN $1,957,596 ANNUALLY BEGINNING JANUARY 1, 2023 AND BY SUCH AMOUNTS AS ARE RAISED ANNUALLY THEREAFTER BY AN ADDITIONAL SALES AND USE TAX OF 0.2 PERCENT (OR AN INCREASE OF APPROXIMATELY 1/5 OF ONE CENT PER DOLLAR SPENT, TO THE CURRENT SALES AND USE TAX RATE OF 3½ CENTS PER DOLLAR SPENT), EXCLUDING THE SALE OF FOOD FOR DOMESTIC HOME CONSUMPTION, TO FUND: REPAVING, REPAIRING, MAINTAINING, AND IMPROVING CITY STREETS AND ROADS WITH ALL SPENDING OF SUCH REVENUES REPORTED IN THE CITY'S ANNUAL INDEPENDENT AUDIT PUBLISHED ON THE CITY'S WEB SITE AND REVIEWED BY A CITIZEN COMMITTEE; AND SHALL THE RESULTING REVENUE AND INVESTMENT EARNINGS THEREON BE ALLOWED TO BE COLLECTED, RETAINED AND SPENT BY THE CITY NOTWITHSTANDING ANY LIMITATIONS OF ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW?