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RESOLUTION NO. 44 SERIES 2024 A RESOLUTION IN SUPPORT OF A REGIONAL TRANSPORTATION DISTRICT BALLOT MEASURE TO BE SUBMITTED TO THE VOTERS AT THE NOVEMBER 5, 2024 ELECTION WHEREAS, the Regional Transportation District (RTD) provides critical services as a public transit provider for Louisville as well as part or all of eight counties and 31 municipalities in the Denver -Boulder metro area; and WHEREAS, public transit and the services provided by RTD are critical to meeting many of Louisville and our region's and state's goals, including (1) providing affordable, equitable transportation options that advance access to opportunity by providing access to jobs, school, medical appointments, and other services; (2) contributing to the county's and state's efforts to achieve their air quality, climate, and affordable housing goals; (3) providing affordable transportation options for seniors, people with disabilities and lower income residents; and WHEREAS, the RTD board of directors has submitted a question to the eligible electors at an election to be held on November 5, 2024 that, without imposing any new tax or increasing any tax rate, RTD is authorized to continue to collect, retain, and spend all revenues it receives from whatever sources without regard to the limitations set forth in the Taxpayer's Bill of Rights (TABOR) in Article X, Section 20 of the Colorado Constitution (the Ballot Measure); and WHEREAS, in 1999, voters exempted RTD from TABOR's revenue and spending limitations through the period required to pay certain bond debt; and WHEREAS, RTD will pay off this bond debt in November 2024; and WHEREAS, such debt payoff will subject much of RTD's TABOR -applicable revenue, except the .4% sales and use tax levied for RTD's FasTracks Project, to TABOR's growth limitations beginning in 2025; and WHEREAS, TABOR growth limitations will limit the annual allowable growth in RTD's revenue collection beginning in 2025; and WHEREAS, TABOR limits do not account for the rate of construction cost increases, which have exceeded Consumer Price Index values, and revenue collected in excess of these TABOR limits must be returned to taxpayers; and WHEREAS, the language of the Ballot Measure is attached to this Resolution as Exhibit A. Resolution No. 44, Series 2024 Page 1 of 3