Ballot Issue 2C - Accommodations Tax for Workforce Housing

SHALL THE CITY OF GLENWOOD SPRINGS TAXES BE INCREASED $2,500,000 IN THE FIRST FULL FISCAL YEAR (2023) AND BY WHATEVER AMOUNTS ARE RAISED ANNUALLY THEREAFTER THROUGH THE IMPOSITION AND ASSESSMENT OF A TWO AND ONE HALF PERCENT (2.5%) EXCISE TAX TO BE PAID BY LODGERS WITHIN GLENWOOD SPRINGS AND BRINGING THE TOTAL EXCISE TAX PAID TO 5% ON THE PURCHASE PRICE PAID OR CHARGED FOR THE FURNISHING OF ANY HOTEL ROOM, MOTEL ROOM, LODGING ROOM, MOTOR HOTEL ROOM, GUEST HOUSE, SHORT-TERM RENTAL OR OTHER SIMILAR TEMPORARY ACCOMMODATION OF LESS THAN THIRTY (30) CONSECUTIVE DAYS; AND SHALL ALL REVENUES FROM SUCH EXCISE TAX BE DEPOSITED IN A DEDICATED FUND TO: INCREASE THE SUPPLY OF WORKFORCE HOUSING FOR GLENWOOD SPRINGS RESIDENTS AND EMPLOYEES OF GLENWOOD SPRINGS BUSINESSES INCLUDING, BUT NOT LIMITED TO, PURCHASING REAL PROPERTY, ADDRESSING INFRASTRUCTURE, AND REDEVELOPING EXISTING HOUSING; PROVIDE RESOURCES FOR THE CITY TO FORM PARTNERSHIPS WITH THE PRIVATE AND NON-PROFIT SECTORS, AND OTHER PUBLIC ENTITIES, TO DEVELOP WORKFORCE HOUSING; SUPPORT PROGRAMS TO REDUCE THE COST OF RENTING OR PURCHASING WORKFORCE HOUSING, PROVIDE AVAILABLE HOUSING, AND MAINTAIN EXISTING AFFORDABLE HOUSING WITHIN THE CITY; AND OTHER DIRECT EXPENSES OF THE CITY USED SOLELY TO IMPLEMENT THESE PROGRAMS SUCH TAX TO END IN FISCAL YEAR 2042, TO BE COLLECTED AND SPENT AS A VOTER APPROVED REVENUE CHANGE NOTWITHSTANDING ANY REVENUE OR EXPENDITURE LIMITATIONS CONTAINED IN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION AND SUCH EXPENDITURES WILL BE REPORTED IN THE CITY'S INDEPENDENT AUDIT PUBLISHED ON THE CITY'S WEBSITE?