Issue 2R - Sales and Use Tax Increase for Affordable Housing

Shall denver sales and use taxes be increased $100 million annually, commencing january 1, 2025, and by whatever additional amounts are raised annually thereafter through december 31, 2064, to expand and preserve affordable housing for low- and middle-income families and individuals, through a one-half of one percent (0.5%) sales and use tax increase (5 cents on a $10 purchase), to support efforts including: • providing more affordable rental housing and reducing rent; and • providing more affordable homes for purchase and programs to reduce the cost of buying a home; and may a portion of the annual revenues derived from this increase be spent on administrative costs for the above purposes, and shall the revenue and earnings on this tax be collected and spent as a voter-approved revenue change and an exception to the limits that may otherwise apply under article x, section 20 of the colorado constitution or any other law?