City makes significant headway on stormwater projects funded by excess TABOR revenues

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COLORADO SPRINGS – Progress continues with the completion of the 19th of 26 planned projects funded by $12 million in retained excess revenues that were approved by voters in 2016 to fund stormwater projects in Colorado Springs. These TABOR-funded projects are in addition to funds dedicated for stormwater infrastructure, maintenance and permit compliance through the general fund and the newly established stormwater fee. The remaining seven projects are scheduled for completion by the end of 2019.

The City of Colorado Springs and Colorado Springs Utilities partnered to make needed utility, stormwater and roadway improvements along Galley Road near Murray Road with the intent to maximize taxpayer and ratepayer dollars, and to minimize traffic impacts in the neighborhood.

Following the replacement of an aging water main by Springs Utilities on Galley Road, between Potter Drive and San Miguel Street, the City installed a storm drain in this 19th TABOR-funded stormwater project to address long-standing localized flooding at the intersection of Galley and Murray roads.

The stormwater portion was funded thanks to voter approval to retain excess sales tax revenues for 2016 and 2017 for 26 stormwater projects within the Colorado Springs city limits.

“Colorado Springs residents understand our pressing stormwater needs and I’m grateful that voters chose to invest much-needed dollars in critical stormwater infrastructure.  This additional revenue allowed the City to address several neighborhood projects that would have otherwise not received funding in the immediate future,” said Mayor John Suthers. “Allowing the City to retain excess TABOR revenues, and later voter approval to reinstate the Stormwater Enterprise and monthly fee directly benefits our residents by improving our ability to mitigate flooding, preserve water quality and is a major factor in our city’s economic resurgence.”

Background:

Colorado Springs voters passed Ballot Issue 2 in the April 2017 General Municipal Election that allowed the City, without any increase in taxes, to retain and spend revenues which exceeded amounts otherwise authorized for retention of up to $6 million in 2016 and up to $6 million in 2017 under the City’s Taxpayer’s Bill of Rights (“TABOR”) requirements.  

Ballot Issue 2 funds were used in 2017 and 2018 to construct needed community stormwater projects while helping the City meet its stormwater program funding requirements per its Inter-Governmental agreement with Pueblo County.

More information about the 26 stormwater projects can be found at this link.