Town of Berthoud Ballot Issue 3G: Parks and Recreation Revenue Bonds for Mountain Vista Park
What does this measure do?
Supports: Public Infrastructure
Opposes: Government Spending Reduction
Lets the Town of Berthoud borrow up to $28 million to build parks and recreation, mainly Mountain Vista Park with ballfields and water play features. It does not raise taxes; the town would repay up to $60 million over time from sales tax it already collects.
Proposed by: Berthoud Board of Trustees
Berthoud's elected town board, by a 6-1 vote. It asks voters to let the town borrow money for parks, mainly Mountain Vista Park. Colorado law requires a public vote on new debt.
Source: berthoudsurveyor.com
A YES vote means
The town may borrow up to $28 million for Mountain Vista Park and other parks and recreation projects. It repays up to $60 million from its current sales tax, with no tax increase.
A NO vote means
The town may not borrow this money. Mountain Vista Park would need other funding or wait, and sales tax money would not go to these loan payments.
Sources: larimer.gov · weld.gov