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Originally Posted by TakeFive
Question: Can anybody speak to or clarify the likely length of time needed to pay off the bonds for Fastracks?
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This is all public information. Go to the Electronic Municipal Market Access (EMMA) (emma.msrb.org) and see for yourself. There have been multiple issuances, so there's so single answer. As a random example, the Series 2010A bonds have a maturity date of 11/01/2038. Principal price of $79,140,000, 5% interest. Will shock the old-timers to know that Goldman Sachs, in all of their conspiratorial ways, posts the offering document online for all to see. Perhaps tinfoil interferes with the wifi.
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Originally Posted by TakeFive
[B]Down here in the desert the blue collar (and/or) conservative voters would say "Nonsense" to your splitting of semantic hairs. It's double taxation pure and simple. Clearly Republican/conservatives are a mixed and confused lot (LOL). I would acknowledge that an option to use toll lanes or not makes a difference.
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The difference between taxes and fees is a constitutional difference up here. I am reluctant to call anything that has a constitutional basis "semantics." That's how we end up with random conflations of things like religion and speech. (see
Burwell v. Hobby Lobby)
As a practical matter, taxes require an election; fees do not. Tax revenues can generally be spent on anything; fee revenues can not. These are not insignificant distinctions. Of course, both are subject to overall TABOR revenue limitations, which is why we might well end up refunding the revenues generated by the marijuana "excise tax" - which is the same flavor of tax as the gasoline "excise tax." Not to say I will mind getting a TABOR refund check from the state next spring, it's been a good long while since that has happened. Half the people in new Denver have probably never seen a TABOR refund check before.
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Originally Posted by TakeFive
Anticipating the future and future needs I would consider splitting the rural Eastern Plains off into a separate tax district that would get a 5 cent immediate increase and another 5 cent increase in 3/4 years. In urban corridor areas and the mountains an immediate increase of one thin dime and another nickel in 3/4 years. For one thing, it's the border areas that are most sensitive to surrounding state comparisons. Generally anything along interstate highways would be urban except for designated exceptions.
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Interesting notion. Of course, there's no legal mechanism I am aware of for creating these separate taxing districts. There's another election(s) to pay for and win.
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Originally Posted by TakeFive
Couple the above with a state wide quarter percent sales tax increase for 15 years. Let the voters decide in an up or down vote of the whole package. With a *mostly* bipartisan effort of properly explaining the picture and needs I'll trust the voters every time.
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Except that you're looking at multiple elections, multiple ballot questions, which wouldn't likely be simultaneous, and all of which need a yes vote. Getting a statewide tax blessed by the voters is always daunting, but what you're describing is far more so.
The voters you trust, of course, gave us this constitutional framework. TABOR, yes. But others too - take single issue ballot restrictions, for example. Sounds good to simple minded voters ("they" - the big bad they - are trying to hide stuff from us voters with long multi-topic ballot questions). Of course, the result makes it impossible to handle complicated situations at the ballot box, without the risk of conflicting yes/no votes that scuttle the whole deal. (Think about Referendum C/D - one passed, one did not. Except those could be bifurcated easily enough. Lots of things never make it to the ballot, though, because there's no legal way to vote the issues without the risk of a split result, which would make a worse mess.)
Which gets us vaguely worded constitutional language, since that's all the ballot will accommodate. Which leads to a messy tangle of case law interpretations coming out of courts that no layperson can keep track of (those pesky activist judges, out there doing their jobs, how dare they). Which is why I can bill so much for my time. So by all means, keep right on trusting voters to effectively legislate at the ballot box. It keeps me employed.