Tax Increment Financing has been proven to be financially detremental to cities and have not brought the rewards as predicted. It also goes to reason that with the city's very low tax rate (i.e. the city's take of property taxes on a $246K house is approximately $85/yr.), enough money wouldn't be generated to pay help pay for the issued bonds.
California outlawed TIFs becuase cities were getting into deeper financial straights. Maybe this is something the Colorado state legislature can take a look at to prevent cities from taking on more debt than they can realistically handle.
Staci6: You were doing great until you threw in the red herring about pension-retirement funding. It's simply not an issue. All "rank and file" city employees are covered under one of two STATE retirement plans: PERA (Public Employees) or FPPA (Fire and Police). The city does NOT "fund" these plans, the state does. The city and the employees make contributions to the appropriate STATE fund, and the rest is managed at the state level. Every participant in the state (employer and employee) puts the same amount into the plans. Although there are some variations, no one puts in less than the minimum. In fact FPPA members (employees) recently voted to increase their contribution (NOT the city's contribution) over the next 8 years.
It gets kind of old hearing that the employees doing the real work in this (or any city) are responsible for any budget problem, especially when those complaints are based on erroneous information.
Stoked it's back open. Such damn good food.
Not agreed that Bach broke the city.
It was the 5 member junta on the city council that has embarrassed our city.
Keith King set the tone for trying to take power. He is the number one person at fault, followed close behind by Joel Miller.
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Is that it?
Gene Gustafson! Not to worry. It wont take long before there is no water to worry about. And if you can light your tap water then you have natural gas! Sell it!
Fracking or fracturing is nothing but a better way to get gas from the earth to warm your house. I have heard it causes earthquakes but earthquakes have been around forever, fracking hasn't. People hate big oil and gas companies for some reason. They must miss chopping firewood...
I do suggest a very good book about water and Colorado. It will enlighten you and show that nothing is what it seems and nothing is so simply explained. It was written by Sam Bingham and titled "The Last Ranch: A Colorado Community and the Coming Desert". It will also show you that you do not know much about water in Colorado and probably everywhere else as well.
I never heard of the "Colorado Aquifer", where is that?
They are just like a pond of leaches and they are sucking this town dry. Who are the families running this town and I do not mean the mob.
We would need a lot less new cops if the mayor didn't think he was president! Why he needs so many to keep him safe is what the community should ask.
Lawsuit on the way: Each district or county needs to take care of their own mitigation. This is not the springs problem, you have fountain, security, and lot's of empty space in between. Who ever was dumb enough to agree to that should go pitch in for the people down stream.
Maggie's Farm is a farce of diabolical proportions, a place that apparently takes pride in ruining the fun of buying MJ legally. You can expect awful service, unbelievable prices, and some butthurt brought about by waiting on cheap chairs (like the lemming that you are).
Once let inside the actual gazing area, I was given a sob story by the 'budtender' about how he didn't know what dabbing would do this health over another two decades. OH NO! :'( Then I was treated to an overpriced candy bar that was barely acceptable as either snack or medicine.
I'm just going to assume the candy was made incredibly weak out of fear that it would find its way into the hands of kids over Halloween.
If you're a local or tourist looking for 420, do anything but go to Maggie's Farm; check Craigslist, or even resort to asking homeless people where the weed is, ANYTHING but this dump.
While I do take some hope when I see men Mr. Faltz verbally sparing with obviously Disingenuous White Liberals like Mr. K, I would recommend not to quibble with him. You will never change him mind, such as it is, and why do you even care what a DWL has to say? Me? I'm just not listening anymore.
I might also point out Mr. Faltz, that believing you have a choice in this two party system is a sucker bet you keep losing. It's like Peppermint Patty pulling the football away before Charlie Brown tries to kick it and he ends up flat on his back. No matter how many she does it to him he foolishly tries to kick again. The White people of America who keep foolishly supporting the Republicans thinking that somehow that they will give them a voice in this political theatre are the mass equivalent of Charlie Brown.
The real job of the Republican party is to protect and conserve the gains made by the left decade after decade. If you call that "conservatism" I agree. Just what is it the Republicans are trying to conserve these days? Affirmative Action? The 1965 Immigration Reform Act? Trillions of dollars in the welfare state? Unchecked third world invasion? Massive debt to the banksteins for the creation of currency? The left never relinquished one of their gains, knowing full well they could count on the so called "conservatives" to protect them.
THE COLORADO SUPREME COURT . . . "POLITICIANS IN BLACK ROBES." (AS IT TURNS OUT.)
"Truth is the daughter of time, not of authority," Bacon.
For decades I refused to believe it, but it is now incontrovertibly established. The Colorado Supreme Court is indisputably a political actor. Our Colorado Supreme Court exists to serve Colorado political parties. At present, the Colorado Supreme Court is more rightly considered an adjunct of the Colorado Legislative Branch, than a check on the Colorado Legislative Branch. Rather than "truth-seeking," the Colorado Supreme Court now sees its role as "political-outcome seeking." Litigants successfully use the Colorado Supreme Court to achieve political purposes. In the Ralph Carr Justice Center, rather than meeting impartial guardians of the law, litigants meet their political allies on the bench.
“I think there are many who think of judges as politicians in robes. In many states, that’s what they are.” “They seem to think judges should be a reflex of the popular will.”
Sandra Day O'Connor
The Colorado Supreme Court has accepted its role as a political tool, and recognizes no constitutional limits on the authority of the Colorado Legislative and Executive branches.
In this article, I provide an example of the political and partisan role of the Colorado Supreme Court. I describe a case in which the Colorado Supreme Court summarily erases billions of dollars of debt owed by Colorado state and local governments. That is, one branch of Colorado state government relieves another branch of Colorado government of its legal debts.
The case involves Colorado statutory contracts that create financial obligations on the part of Colorado governments. Over decades, political considerations induced the Colorado Legislature to mismanage the financial obligations. In recent years, the terms of these statutory contracts were deemed politically inconvenient and politically unpopular. The Legislative Branch asked the Colorado Supreme Court to discard the contracts.
In 2010, the Colorado Legislative Branch requested that the Colorado Supreme Court grant this political favor by ignoring the Contract Clause of the US Constitution, ignoring the history of legislative mismanagement of these state financial obligations, and relieving Colorado governments of their accrued legal debts. No trial, no discovery, billions of dollars seized by the state.
In granting this political favor, sanctioning the breach of Colorado PERA pension contracts, the Colorado Supreme Court was forced to ignore its own long-standing case law precedent, the court failed to conduct a "contract analysis," the court ignored evidence of Colorado PERA's attorneys stating that the pension benefit was indeed a Colorado PERA contractual obligation, the court ignored the bill (SB10-001) sponsor's testimony that the pension benefit was in fact a Colorado PERA contractual obligation, the court ignored recorded legislative history of the contractual nature of the public pension benefit, the court failed to engage in the "heightened scrutiny" of the abandonment of state financial obligations required under federal case law (US Trust) and finally, the court embraced a discredited Denver District Court decision that did not bother to mention Colorado's on-point public pension case law. In the United States, political connections can be used to quash legal investigations of banking fraud, and political connections can be used to summarily erase billions of dollars of government debt.
In this article, I address the Colorado Supreme Court's lack of independence, integrity, and impartiality. I provide a brief history of the efforts of the Colorado Legislature and the Colorado Supreme Court to escape Colorado governmental financial obligations. I comment on the recent (October, 2014) Colorado Supreme Court Decision itself, which summarily erased these billions of dollars of Colorado public sector debt. I highlight some of the numerous factual and logical errors that exist in the Colorado Supreme Court's Decision in the case. I express incredulity at the Colorado Supreme Court's willful ignorance of public pension administration, knowledge that was necessary to any court claiming to "seek truth" in the case.
Does it surprise you that we do not have the "rule of law" in Colorado? I was very surprised to learn this. I believed that the Colorado Supreme Court judges were beyond political influence. I believed that they would examine all evidence and give weight to legal precedents set by former judges on the Colorado Supreme Court. I was wrong. It turns out that "corruption" exists in government to the same extent it exists in the private sector. No trial, no discovery, government forgives its own debts, billions of dollars seized.
The Colorado Judiciary had an obligation to ensure that all evidence in the case was examined prior to breaking Colorado PERA pension contracts. They ruled in ignorance. This ignorance may have been willful. Rather than honoring their debts, Colorado PERA-affiliated governments will now inflate away that debt courtesy Colorado Supreme Court.
My intent in writing this article is to enhance the public record of, and further document, what I consider to be one of the greatest "crimes" in Colorado history.
Scripta manent, verba volant.
On October 20, 2014, the Colorado Supreme Court ruled that Colorado PERA pensioners have no contractual right to their public pension COLA benefits. Yet, here we have documentation of Colorado PERA's own lawyers acknowledging Colorado PERA's contractual obligation to pay the PERA COLA as recently as 2009.
December 16, 2009
Colorado PERA officials in written testimony to the Joint Budget Committee: “The General Assembly cannot decrease the COLA (absent actuarial necessity) because it is part of the contractual obligations that accrue under a pension plan protected under the Colorado Constitution Article II, Section 11 and the United States Constitution Article 1, Section 10 for vested contractual rights.”
Discover the true nature of Colorado state government at saveperacola.com.
Read the complete article at http://coloradopols.com/diary/64487/the-co…
The champions stuff and storm bull is just a money deal that does not help the people but the big boys and their families get richer. The land baron's and hotel people too, we need city leaders that are for the citizens and not them selves! Also we need people that can budget our money and use it for what it was intended. These funds should not be move from their to here to cover pet projects. Now you don't get your way so lets raise property tax, and utilities again. You need to make builders pay for utilities, infrastructure, and drainage, instead of waiving fees and then putting them on the community. It's like having the playground bully taking your lunch money any time he wants!!!!! What happens when these guys leave, we are stuck with empty buildings.
I do enjoy a good troll of liberal idiots now and then. All you can do is call names, insult, stomp your feet. What you can't do is refute what I have said. Liberals and multi-cult faithful can't be reasoned with, they are beyond redemption. As Michael Savage has stated they are diseased. Some day this "diversity" you love so much will stomp your brains out. I look forward to that day. You will get what you have so devoutly wished for - your own annihilation. Good luck with that.
Mr. Khan is an ignorant troll pretending to be a "macho man" just to get attention. Ignore him.
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