Incase you were unaware (I was) at the elections today 2A passed.
REPAIR OF PROSPECT LAKE AS IT RELATES TO TABOR ?SHALL THE CITY OF COLORADO SPRINGS BE PERMITTED TO EXPEND UP TO $1,900,000 TO HELP PAY THE COST TO REPAIR PROSPECT LAKE, THIS AMOUNT BEING THE ESTIMATED 2004 REVENUE ABOVE THE 2004 FISCAL YEAR SPENDING LIMITATION MANDATED BY THE TAXPAYER?S BILL OF RIGHTS, OTHERWISE KNOWN AS ?TABOR? (COLORADO CONSTITUTION ARTICLE X, SECTION 20 AND THE CHARTER OF THE CITY OF COLORADO SPRINGS ARTICLE VII, SECTION 7-90) WITH THIS REVENUE BEING EXEMPT FROM TABOR SPENDING/REVENUE LIMITATIONS?? Ballot Text The 2004 revenue above the 2004 fiscal year spending limitation mandated by the Taxpayer?s Bill of Rights, otherwise known as ?TABOR? (Colorado Constitution Article X, Section XX and the Charter of the City of Colorado Springs Article VII, Section 7-90) will help pay the cost to line the bottom of Prospect Lake with a synthetic membrane to help eliminate seepage and to refill the lake with water. Prospect Lake has been steadily losing water for many decades, despite efforts in the 1950's to repair the bottom with clay. The refund that would be provided to the voters would be very small. Allowing the City to keep the funds to repair the lake would prevent the funds from having to come out of the Parks Department Budget. If the department has to provide the repair funds, there will be severe impacts on other programs such as trail repairs, playgrounds, park maintenance, etc.