Town of Ault Ballot Issue 2H - Sales Tax Increase

SHALL THE TOWN OF AULT, COLORADO, SALES AND USE TAXES BE INCREASED BY $481,185 ANNUALLY (FIRST FULL FISCAL YEAR INCREASE) AND BY WHATEVER ADDITIONAL AMOUNTS ARE RAISED ANNUALLY THEREAFTER THROUGH THE ADOPTION OF AN ORDINANCE TO INCREASE THE RATE OF SALES TAX AND USE TAX FROM THREE PERCENT (3%) TO FOUR PERCENT (4%), AND SHALL THE TOWN BE AUTHORIZED TO COLLECT AND SPEND SUCH REVENUES AS A VOTER APPROVED REVENUE CHANGE ON COMMUNITY SUPPORT SERVICES, CAPITAL IMPROVEMENTS AND FACILITIES, WHICH SHALL INCLUDE BUT NOT BE LIMITED TO EXPENDITURES FOR PARKS, OPEN SPACE AND RECREATION, INFRASTRUCTURE IMPROVEMENTS, ECONOMIC DEVELOPMENT INITIATIVES, LAND ACQUISITION, AFFORDABLE HOUSING INITIATIVES AND COMMUNITY SUPPORT GRANTS NOTWITHSTANDING ANY REVENUE OR EXPENDITURE LIMITATION CONTAINED IN ARTICLE X, SECTION 20, OF THE COLORADO CONSTITUTION