District Tax Rate
Tax Revenue for the District:
In November 2008, the following question was put to voters:
NORWOOD PARK AND RECREATION DISTRICT BALLOT ISSUE 5 B:
SHALL NORWOOD PARK AND RECREATION DISTRICT AD VALOREM PROPERTY TAXES BE INCREASED $150,000 ANNUALLY (FOR COLLECTION IN CALENDAR YEAR 2010) AND BY SUCH ADDITIONAL AMOUNTS RAISED ANNUALLY THEREAFTER FROM AN AD VALOREM PROPERTY TAX LEVY IMPOSED AT A RATE OF 1.000 MILLS FOR THE PURPOSES OF PAYING THE DISTRICT’S OPERATIONS, MAINTENANCE AND OTHER EXPENSES, INCLUDING CAPITAL COSTS, PROVIDED THAT SUCH MILL LEVY RATES MAY BE ADJUSTED BY THE BOARD OF DIRECTORS TO TAKE INTO ACCOUNT LEGISLATIVE OR CONSTITUTIONALLY IMPOSED ADJUSTMENTS IN ASSESSED VALUES OR THE METHOD OF THEIR CALCULATION OCCURRING AFTER JANUARY 1, 2008, SO THAT, TO THE EXTENT POSSIBLE, THE ACTUAL REVENUES GENERATED BY SUCH MILL LEVY ARE NEITHER DIMINISHED NOR ENHANCED AS A RESULT OF SUCH CHANGES; AND SHALL THE PROCEEDS OF SUCH TAXES AND ANY INVESTMENT INCOME THEREON BE COLLECTED AND SPENT BY THE DISTRICT IN FISCAL YEAR 2010 AND IN EACH FISCAL YEAR THEREAFTER AS A VOTER APPROVED REVENUE CHANGE WITHOUT REGARD TO ANY SPENDING, REVENUE RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR THE LIMITS IMPOSED ON INCREASES IN PROPERTY TAXATION IN 29-1-301 C.R.S. IN ANY YEAR, OR ANY OTHER LAW WHICH PURPORTS TO LIMIT THE DISTRICT’S REVENUE OR EXPENDITURES AS IT CURRENTLY EXISTS OR IT MAY BE AMENDED IN THE FUTURE AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED AND SPENT BY THE DISTRICT?
And the Results:
Norwood Parks & Rec 5B Property Tax Increase 372 Yes/ 306 No -->> passes
5C Spending Authority 365 Yes/ 294 No -->> passes
5D Organization of District 461 Yes/ 209 No -->> passes