2001 BUDGET - Laserfiche WebLink

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D. Highway 42/96`h Street connection. $12,000,000. E. Implement Phase I of the Community Park. $500,000 from designated funds. F. Construct a pedestrian bypass around the ballfield at Fireside Elementary School. $5,000 included in Trail Improvements funding. G. Construct inline skating rink. $137, 000. H. Construct pedestrian bypass at Via Appia. Funding of $35,000 for the design phase in 2001, with construction budget of $565,000 in 2002. I. Complete the fiber optics project to link the Recreation Center and North Water Treatment Plant to City Hall. $85,000. Other Highlights A. Increased funding for computer replacement, continuing the process that began in 1999. B. New funding for: Arts/Cultural Facility Feasibility Study. $10,000. Historical Commission for building improvements. $15,000. Louisville Chamber of Commerce, Parade of Lights. $2,500. Compliance With TABOR Amendment In November 1992, Colorado voters approved an amendment to the State Constitution providing tax and spending limitations on local governments. In the interim, several ballot issues have been presented to the citizens of Louisville that impact the limitation. These include: 1993 — Open space tax was approved. 1994 — Open space bond issue and the residential use tax were passed. 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 ceiling. 1998 — The City Council, by ordinance, declared the golf course an enterprise under the TABOR definition. 1999 — The voters gave 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. v