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Pints & Policy

November 7 @ 4:30 pm - 6:30 pm

Pints & Policy

Pints & Policy is back from Localworks, with a bit of a different feel. A panel of experts will come together to facilitate important conversations and answer your final questions about the upcoming ballot initiatives. On our panel we have Commissioner Kraft-Tharp to speak on county items and Zach Martinez from Gary Community Ventures to speak on Prop 123. This is your chance to learn more and participate in civic connectivity. 

Click here to register! 

Join us November 7th at Pietra’s Pizzeria and Italian Restaurant (9045 W. 44th Ave. Wheat Ridge, CO 80033) for another Pints & Policy discussion powered by the Jefferson County Economic Development Corporation. With new ballot initiatives it can be difficult to finalize your decision before heading to the polls. Come hang out, ask questions and enjoy refreshing beverages and delicious appetizers! 

This event will bring together experts to have an informational discussion with members of our community. This is not a debate, but rather an opportunity to go further into the details of what each of these ballot initiatives are and how they will affect the general public. The ballot initiatives being discussed include Proposition 123, Non-Property Tax Revenue and Marijuana Sales (marijuana sales is split into two different propositions).

Proposition 123 

Colorado Proposition 123, Dedicate State Income Tax Revenue to Fund Housing Projects Initiative 

Below is a summary of the presented ballot options. Please click here for further information. 

The Proposition 123 Initiative is designed to create the State Affordable Housing Fund (SAHF), dedicating “one-tenth of one percent (0.1%) of state income tax revenue to fund affordable housing programs and projects.”[1] Proposition 123 would grant 40% of SAHF funds to the Affordable Housing Support fund and 60% of SAHF funds to Affordable Housing Financing Fund.[1]

This initiative would define affordable housing as rental housing that is “affordable to a household with an annual income of at or below 60% of the area median income, and that costs the household less than 30% of its monthly income,” and “for-sale housing that could be purchased by a household with an annual income of at or below 100% of the area median income, for which the mortgage payment costs the household less than 30% of its monthly income.”[1]

This list of fund disbursements can be found on BallotPedia.

Non-Property Tax Revenue

Below is a summary of the presented ballot options. Please click here for further information. 

If Issue 1A, Non-Property Tax Revenue, is passed, Jefferson County would be exempt from TABOR revenue restrictions on non-property tax revenue – like state grants and fees or fines collected by the county.[3] 

For some context, an amendment called the Taxpayers Bill of Rights, also known as TABOR, was added to Colorado’s Constitution in 1992.[3] “Under TABOR, state and local governments cannot raise tax rates without voter approval and limits how much total revenue can be received each year.”[3] This limit is based on the rate of Consumer Price Index (inflation) and local growth.

As of now, TABOR requires “any revenue from property taxes, grants, and other sources that exceed the TABOR limit must be returned to the taxpayers.”[3] 

Voters are to decide on whether to provide an exemption from all TABOR revenue and spending limitations.[3] 

Marijuana Sales

Authorize & Tax marijuana in unincorporated Jefferson County 

Below is a summary of the presented ballot options. Please click here for further information. 

This initiative is separated into two separate ballot questions that are contingent upon approval of each other. 

Ballot Question 1B – 

Option 1:  Allow Sales and Delivery With No Specified Number of Stores in the question

If this initiative is approved, Jefferson County would authorize a limited number of both medical and recreational marijuana stores “within the unincorporated areas of Jefferson County and authorize such stores to sell and/or deliver marijuana, marijuana products, marijuana concentrate, and marijuana accessories.” [4] Local regulations are subject to all requirements of state law and may be amended from time to time. It is important to note that “this question being expressly contingent upon voter approval of Ballot Question 1C. [4]

Option 2: Allow Sales and Delivery Only But Include a Limit on the Maximum Number of Stores Specified in the Question 

If this initiative is approved, Jefferson county would authorize a maximum number of both medical and recreational marijuana stores. [4]

Option 3: Allow Retail Sales and Delivery, Cultivation, and Manufacturing Facilities With No Specified Number of Stores in the Question

Ballot Question 1C – 

If passed, Jefferson County will increase taxes annually in the first full fiscal year (2024) and by such amounts are raised thereafter. The tax imposed will be “no greater than 5% of the average market rate of unprocessed marijuana on the date it is first sold or transferred from a marijuana cultivation facility to a marijuana product manufacturing facility, a medical or retail marijuana store, or another marijuana cultivation facility.” [4]

Click here to register! 

Details

Date:
November 7
Time:
4:30 pm - 6:30 pm

Venue

Pietra’s Pizzeria & Italian Restaurant
9045 W 44th Ave
Wheat Ridge, CO 80033 United States
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