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RESOLUTION NO 33 SERIES 2019 A RESOLUTION OF THE LOUISVILLE CITY COUNCIL URGING LOUISVILLE CITIZENS TO VOTE YES ON BALLOT ISSUE 2E AT THE NOVEMBER 5, 2019 ELECTION CONCERNING RETENTION OF RECREATION TAX REVENUES WHEREAS, at the November 8, 2016 election, the City's voters approved a 0 15% sales and use tax for maintaining the recreation center, senior center, and pool facilities in Memory Square Park (the "Recreation Tax"), and WHEREAS, as required by the Taxpayer's Bill of Rights ("TABOR"), in connection with the proposed Recreation Tax, the City provided estimates of the amount of the revenue it anticipated would be raised in the first full year of the tax (2018) and an estimate of the City's 2018 fiscal year spending without the tax increase, and WHEREAS, due to a variety of factors, over many of which the City had no control, both the revenues collected pursuant to the Recreation Tax and the City's 2018 fiscal year spending exceeded the City's estimates, and WHEREAS, TABOR allows the City's voters to authorize the City keep and spend the excess Recreation Tax revenues for the purpose of maintaining the recreation center, senior center, and pool facilities in Memory Square Park and retain the 0 15% tax rate, all as originally approved by the voters in 2016, and WHEREAS, the City Council has referred to the voters Ballot Issue 2E, and voter approval of Ballot Issue 2E will enable the City to maintain these facilities as anticipated when voters approved the Recreation Tax in 2016, and WHEREAS, should Ballot Issue 2E not be approved by the City's voters at the November 5, 2019 election, the City will be required by TABOR to refund the revenues raised by the Recreation Tax and to discontinue future collections of the Recreation Tax, which will significantly affect the City's ability to maintain these recreational facilities that are of such importance to so many in the community; and WHEREAS, City Council finds it is in the best interest of the City and its citizens that the City be authorized to keep and spend the revenues raised by the Recreation Tax and to continue collecting Recreation Tax revenues at the rate approved by voters in 2016, and therefore urges City voters to vote YES on Ballot Issue 2E at the November 5, 2019 election, and WHEREAS, state law allows the City Council to adopt this resolution as a statement of City Council's position of support for the adoption of Ballot Issue 2E Resolution No 33, Series 2019 Page 1 of 2