Issue 2B - Property Tax Increase for Affordable Housing

Shall city of fort collins taxes be increased by $16,000,000 in the first full fiscal year of property tax collection (2025), and by such amounts collected annually thereafter, from a mill levy of three (3) mills imposed for property taxes levied in 2024 and collected in 2025, which would be the city's first property tax increase since 1992, with the taxes collected used for the exclusive purpose of funding ""affordable housing"", as defined by city council, to include funding the affordable housing strategies identified in the city's 2021 housing strategic plan, as later amended or replaced by city council, and to fund: · the city's development, construction, acquisition, operation, and maintenance of affordable housing; · grants and incentives for the development, construction, acquisition, operation, and maintenance of affordable housing by private and other public entities; and · programs and services provided by the city, other public entities, and non-profit organizations to subsidize affordable housing and provide housing support for it; and with all the tax revenues, and investment earnings thereon, to be collected, retained and spent as a voter-approved revenue change notwithstanding the spending and revenue limitations of article x, section 20 of the colorado constitution?