Aurora's community facilities question would create a city sales and use tax, collected from January 1, 2027, through December 31, 2057. The question sets no dollar limit on the tax after its first year, allowing up to $12,640,000 "AND AS MAY BE GENERATED ANNUALLY THEREAFTER." It dedicates the tax "TO PROVIDE FOR THE OPERATION OF AND REPAIRS, MAINTENANCE, AND IMPROVEMENTS TO COMMUNITY FACILITIES, INCLUDING WITHOUT LIMITATION LIBRARIES, RECREATION AND COMMUNITY CENTERS." The same question would let the city issue revenue bonds, on terms the council sets, for purposes that include park renovations and new parks, recreation center improvements and new recreation center construction, and library branch improvements and new library construction, with repayment from the new tax "AND OTHER LEGALLY AVAILABLE FUNDS." Approval also lets the city keep every dollar the tax and the interest on it bring in, above the revenue limits of the state constitution, state law and the city charter.
A staff memo for the council's May 18 study session said the new revenue would pay yearly debt service on the bonds and additional operation, repairs, maintenance and improvements to community facilities, with further revenue planned for bond and program management expenses; for the three questions together, the session's slides assigned revenue above bond payments to "Additional capital improvements and repairs."
