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• 1994 — Open space bond issue and the use tax on residential building materials were approved. • 1996 — Authorization was given for the City to receive and expend all sales and use tax revenues, exempting these revenues from the TABOR limitation. • 1997 — A revenue - sharing intergovernmental agreement was approved, exempting these revenues from the TABOR limitations. • 1998 — The City Council, by ordinance, declared the Golf Course Fund an enterprise under the TABOR definition. • 1999 — Authorization to keep and spend the revenues collected and received during 1998 and each subsequent year from fees, state and local grants, developer contributions, intergovernmental revenues and payments in lieu of land dedications. • 2001 — Approval allowing the City to keep the excess property taxes collected in 2000 and exempts all future property taxes from the TABOR limitations. • 2002 — Approval of a new Lodging Excise Tax in the amount of 3% and exempting these revenues from the TABOR limitations. • 2002 — Extension of the open space tax for another ten years beginning on January 1, 1994 and ending on December 31, 2013 and exempting these revenues from the TABOR I imitations. • 2003 — Library bond issue and the additional mill levy not to exceed 1.581 were approved. • 2005 — A use tax on personal tangible property was placed on the ballot in 2005 and failed. • 2006 — A use tax on personal tangible property was placed on the ballot in 2006 and failed. • 2006 — The City Council, by ordinance, declared the Storm Water Utility Fund an enterprise under the TABOR definition. • 2008 — Approval of a 1/8% sales tax for historical preservation purposes for a period of ten years beginning January 1, 2009. • 2009 — The City Council, by ordinance, declared the Solid Waste & Recycling Utility Fund an enterprise under the TABOR definition. • 2010 — A use tax on personal tangible property was placed on the ballot in 2010 and passed. The City of Louisville's 2010 budget reflects compliance with the provisions of the TABOR Amendment. Under the TABOR Amendment, all taxes (except as previously noted). licenses and permits, charges for services, fines and forfeitures, and miscellaneous revenue (except developer contributions and payments in lieu of land dedications) are part of the limitation calculation. Transfers -in and debt service (except the open space bond) are deducted. The remainder may increase by the combination of the local rate of growth and the CPI rate of inflation. The TABOR Amendment also requires local government to reserve 3% of total expenditures for emergencies in 1995 and thereafter. (The definition of an "emergency," under TABOR is restricted to natural events, but excludes "economic conditions, revenue shortfalls, district salary or fringe benefit increase.'') The TABOR Amendment excludes activities or funds considered to be "enterprises." The classification of an "enterprise" under the TABOR Amendment is based on three criteria: (1) the entity must be considered a government owned business; (2) the entity must be authorized to issue its own revenue bonds: (3) the entity must receive less than 10% of its annual revenue in grants from all Colorado and local governments combined. The City's Water Utility Fund, Wastewater Utility Fund, Storm Water Utility Fund, Golf Course Fund, and Solid Waste & Recycling Fund have been declared "enterprises" under the TABOR Amendment definition. 16