Ballot Issue 2L

City of Boulder Utility Occupation Tax Increase and Extension
Shall City of Boulder taxes be increased $4,000,000 annually (in the first year) through an increase of up to that amount in the current utility occupation tax in the year 2018; and $3,000,000 in the year 2019; and shall the portion of the city's utility occupation tax approved by voters on November 1, 2011, which in 2017 was in the amount of $2,015,710, be extended from its current expiration date of December 31, 2017 through December 31, 2022; and shall the extension and the annual increase in the tax be used to fund costs associated with a municipal electric utility that will support boulder's clean energy goals and the community's commitment to the Paris Climate Agreement, improve system reliability, and create energy-related business opportunities, provided that if the City of Boulder decides not to proceed with a municipal electric utility, the tax shall expire after costs associated with the municipal utility effort are paid; and shall the increased and extended portion of the tax be subject to the same terms and conditions as the original tax and all earnings thereon (regardless of amount) constitute a voter approved revenue change, and an exception to the revenue and spending limits of Article X, Section 20 of the Colorado constitution?