Pitkin County's Healthy Community Fund runs on a property tax that expires at the end of 2027. Ballot Issue 1A replaces it with a new 0.853-mill levy, beginning in the first full fiscal year of collection in 2028 and lasting no more than 25 years. As an example, at 0.853 mills, $100,000 of taxable assessed value owes $85.30 a year. The ballot states the increase as $5,266,081 in the first full year of collection, plus whatever more the levy generates in later years.
The county's agenda item summary says the expiring tax collects the same amount each year regardless of property valuations. The new levy is a fixed mill rate, and its collections follow valuations. The summary projects that the 0.853 rate raises $5,266,081 in 2028, about $500,000 more than the current amount converted to a mill levy, approximately $4,766,081. At that rate it projects $6,331,935 in 2032 and $7,857,989 in 2036. Earlier authorizations of the fund carried sunset periods of four to nine years, the summary says.
