One-cent per dollar of sales is collected.
The initial tax was 3/4 cent and was initiated by a group of citizens back in the early 1980s. Because of public approval of the projects it created, it was renewed and extended in 1998 and raised to one-cent.
The A&I tax has been providing necessary funding for the Center for the Arts and Glenwood Springs Historical Society for the past 18 years and funding for these entities will continue, subject to annual appropriations by City Council. City Council in the future can use funds for appropriate purposes outlined in the ordinance. Language must be fairly broad as we cannot anticipate specific uses for 3 decades. However, the projects are limited to acquisitions and improvements only.
$4 million a year will be collected from the tax, based current numbers.
City Council, City commissions, the Downtown Development Authority, representatives of the Arts, History and Culture groups in the community all determined a large “wish list.” From a list of 12 potential projects/improvements to be funded, the most popular with registered voters surveyed were: South Midland Avenue improvements, creating a fund to help build a new South Bridge, and a Riverwalk where the rivers meet. Other popular projects included: significant improvements to the 27th St. (Sunlight) Bridge and building the “Gateway to Glenwood” by making significant improvements to the 6th Street Corridor running from Yampah Spa Vapor Caves to the Glenwood Caverns
More than 70% of this tax is paid by non-Glenwood Springs (81601) residents.
This tax is not designed to fund specific organizations other than the Center for the Arts and Glenwood Springs Historic Society. The City has a discretionary fund and organizations can apply for funding through the City’s Financial Advisory Board (FAB) for those funds. The FAB is made up of citizens of Glenwood Springs. In the future bonding questions can be put to the voters for new projects that may be determined (Performing Arts Center, etc.).
One good example of this is South Bridge. This project is too large for the City to fund on its own, even if the entire 1-cent tax were dedicated. However, funds from the tax can be leveraged for grants or federal, state and/or county funding requiring matching or supplemental City funds.
A&I stands for Acquisitions and Improvements and that is the intended use for this tax which has been in place for 18 years and which will be expiring in 2018. We are talking about it now so that everything will be in place before its expiration and so that we can start constructing needed projects now. This is not a new tax -- it is an extension of the present 1-cent sales tax passed in 1998. Click here to read the actual ordinance pertaining to the A&I tax.
Can you imagine Glenwood Springs without bike trails, sidewalks from 6th Street to and from West Glenwood, street lamps, downtown improvements, the Midland Ave. corridor, Community Center, City Hall or new raw water delivery system? All these projects and more are a result of this tax.
Bonding. Click here to read the actual ordinance pertaining to the bond.
Bonding rates are the most favorable than they have been in 60 years, and today we are able to bond for over $50M in projects at a rate of only 3%. City Council will go through a selection process to choose a bonding company.
A broad sampling of bi-partisan registered voters was surveyed by a professional political analyst. That is how we know what voters want.
At the suggestion of a group of citizens called “Community on the Move,” the City of Glenwood Springs surveyed registered voters to determine their wishes. A 30-year extension was favored by 84% of those surveyed (while 80% favored a 20-year extension).
Paid for by Community on the Move.