Ballot Question 2D - Repurpose the Utility Occupation Tax

Without raising the tax rate shall the existing utility occupation tax, which in 2021 and 2022 will be in the amount of $2,076,181, be extended from a current expiration date of December 31, 2022 to December 31, 2025 and be repurposed to pay all costs associated with the formation of a municipal electric utility and to be used to fund projects, pilots, initiatives, and research that support the city’s clean energy goals in the context of the city’s clean energy goals in the context of the city’s racial equity goals and the community’s commitment to the Paris Climate Agreement, such as: Providing energy-related assistance to disadvantaged members of the community, including support for utility bill payments and access to renewable energy; Improving system reliability and modernizing, and supporting clean energy-related businesses, including, without limitation, new approaches in electrification of buildings and transportation, enhancement of resilience; Implementing a partnership agreement with Public Service Company of Colorado; and Increasing access to energy efficiency and renewable energy solutions; only if a majority of registered electors approve a franchise agreement with Public Service Company of Colorado at the November 3, 2020 election, and shall the extended portion of the tax be subject to the same terms and conditions as the original tax and all earnings thereon (regardless of amount) constitute a voter approved revenue change, and an exception to the revenue and spending limits of Article X, Section 20 of the Colorado Constitution?