Greeley says Measure 2F could fund city projects

The city says Greeley voters are scheduled to consider Measure 2F, which the city says would raise sales and use taxes and provide additional funding for capital improvement projects, on Nov. 3.

Here's what it would cost shoppers, how it could support existing city obligations and which projects it would fund.

How much would Measure 2F add to taxable purchases?

The city says Measure 2F proposes a 0.6% sales and use tax increase. The city says it would cost 60¢ for every $100 spent on purchases subject to the tax, excluding grocery food purchases.

What would a yes or no vote on Measure 2F change?

The city says that if voters approve Measure 2F, the 0.6% tax increase would take effect and provide additional funding for the capital improvement projects identified in the measure. If voters reject it, the increase would not take effect, and the city would not receive the additional revenue proposed through the measure.

How large is Greeley's existing COP obligation?

The city said that as of Oct. 5, Greeley's existing obligation of about $100 million in Certificates of Participation remained unchanged regardless of the zoning case or court decision.

How would Measure 2F help fund that obligation?

The city says approval would dedicate funding to existing financial obligations of approximately $100 million from prior investments, helping preserve existing city revenues for parks, recreation and maintenance. The city's Measure 2F materials do not specify what share of tax proceeds would go to COP repayment or give a repayment schedule.

Which projects would Measure 2F support?

The city says Measure 2F would support four areas: the Downtown Civic Campus; the West Greeley Catalyst Project; recreational, cultural and service facility maintenance and improvements; and City parks and outdoor spaces.

How much revenue could Measure 2F raise?

The city estimates the proposed tax would generate approximately $20 million in its first year. Actual tax revenue would depend on taxable sales.

Who would decide how to distribute the revenue?

The city says that if voters approve Measure 2F, the Greeley City Council would decide how to distribute revenue among the four project areas through the annual budget process.

How long could the higher sales taxes remain?

The city says the higher sales taxes could remain until 2067.