Issue 2B - Sales and Use Tax Increase

Shall pikes peak rural transportation authority (pprta), a regional transportation authority, taxes be increased $4,500,000 annually (estimated first full fiscal year dollar increase) and by whatever additional amounts are raised annually thereafter by levying a 1% (one penny per dollar) sales and use tax upon every transaction or other incident with respect to which a sales and use tax is levied by the state of colorado within the city of fountain (excluding purchases of food for domestic home consumption, prescription medications, residential utility bills, or other exempt transactions as detailed in articles 28 and 30, title 39, as amended, of the colorado revised statutes), commencing on january 1, 2024, or on such later july 1 or january 1 occurring first after fountain's admission into the pprta, and continuing until december 31, 2034, for the purposes of funding maintenance, repair, and operations for roadways and bridges (35% of net revenue), for improved transit service within the pprta's boundaries (10% of net revenue), with 55% of net revenue dedicated to specific regional roadway capital improvements designated by the pprta members, and no more than 1% of net revenue expended for administrative expenses, and after december 31, 2034, reducing the 1% sales and use tax to a .45% sales and use tax for each year thereafter for funding maintenance, repair, and operation of regional roadways and bridges (77. 78% of net revenue) and for funding public transit services (22.22% of net revenue), with all revenues from such tax and other revenues of pprta being collected and spent each year without limitation by the revenue and spending limits of article x, §20 of the colorado constitution; and, pursuant to colorado revised statutes § 43-4-601, et seq., provided there is unanimous consent of pprta members, shall the boundaries of the pprta be expanded to include the corporate limits of the city of fountain?