Authorizes up to $16 million in bonds for a paved trail and refinancing, with repayment capped at $36 million, using property taxes approved in 2001.
Thompson Crossing Metropolitan District No. 2
On the November 3, 2026 ballot
Kim's Recommendation
NO
Vote No on Thompson Crossing Metropolitan District No. 2 Ballot Issue 6E
Ballot Issue 6E puts new borrowing for a trail in the same question as a refinancing, so a yes vote authorizes both and a no vote refuses both. I judge the refinancing by what the question requires of it, and the question requires no saving and sets no final payment date. I do not support tying new trail debt to a refinancing that can carry the district's debt past the last payment on its 2016 bonds.
I recommend a no vote on Thompson Crossing Metropolitan District No. 2 Ballot Issue 6E.
Kim Monson
Host, The Kim Monson Show · President, Colorado Union of Taxpayers · Colorado Voter's Guide 2026
Certified ballot question
WITHOUT INCREASING THE DISTRICT'S AVERAGE PROPERTY TAX MILL LEVY FOR THE LAST 10 YEARS, SHALL THOMPSON CROSSING METROPOLITAN DISTRICT NO. 2 DEBT BE INCREASED UP TO $16 MILLION, WITH A MAXIMUM REPAYMENT COST OF UP TO $36 MILLION, FOR THE PURPOSE OF FINANCING PUBLIC IMPROVEMENTS, INCLUDING: · A NEW MULTI-USE 10' PAVED TRAIL ALONG THE SOUTHERN BOUNDARY OF THE DISTRICT · LOWERING THE INTEREST RATES ON OBLIGATIONS FOR IMPROVEMENTS RELATED TO STREETS, WATER, SANITARY SEWER, STORM DRAINAGE, LANDSCAPING, PARKS AND RECREATION, SAFETY PROTECTION, TRANSPORTATION, AND SECURITY; SUCH DEBT TO CONSIST OF GENERAL OBLIGATION BONDS, WHICH BONDS SHALL BEAR INTEREST AT A MAXIMUM NET EFFECTIVE INTEREST RATE NOT TO EXCEED 5.25% PER ANNUM; SUCH BONDS TO BE PAYABLE FROM PROPERTY TAXES PREVIOUSLY APPROVED AT THE DISTRICT'S 2001 ELECTION; AND SHALL ALL SUCH REVENUES AND ANY EARNINGS FROM THE INVESTMENT OF SUCH REVENUES AND THE PROCEEDS OF THE BONDS CONSTITUTE A VOTER-APPROVED REVENUE CHANGE UNDER ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION?
A yes vote means
Authorizes the bonds within the repayment and interest limits, without increasing the last ten years’ average mill levy, and approves the TABOR revenue change.
A no vote means
Does not authorize the proposed bonds or this revenue change.
Purposes of the New Bonds01
Thompson Crossing Metropolitan District No. 2 serves the 2534 community in Johnstown. A yes vote on Ballot Issue 6E lets the district borrow up to $16 million in general obligation bonds for public improvements. The improvements the question lists after the word "including" are a new 10-foot paved multi-use trail along the district's southern boundary and lowering the interest rates on the district's obligations for streets, water, sanitary sewer, storm drainage, landscaping, parks and recreation, safety protection, transportation and security.
The district's bond fact sheet describes a trail 10 feet wide with benches, rest areas and landscaping.
Bond authorization limits
Limit
Maximum
Amount borrowed
$16 million
Total repayment
$36 million
Annual net effective interest rate
5.25%
Larimer County sample ballot, Ballot Issue 6E. Authorization limits; the ballot sets no repayment term.
The District's Existing Bonds02
In November 2016 the district issued $20,620,000 in general obligation and refunding bonds, Series 2016A and 2016B, at rates ranging from 2.0% to 5.0%, with payments due through December 1, 2047, according to its 2024 audited financial statements; the 2026 adopted budget lists their last maturity as December 1, 2046. The county's TABOR notice lists current bonded debt of $18,645,000 in principal and $29,941,832 in remaining repayment cost, excluding enterprise debt and annual appropriation obligations. The board's September 3 agenda listed a discussion of refinancing the Series 2016B bonds and issuing new debt.
The fact sheet says the measure lets the district combine its current debt into one bond, lowering the overall interest rate and "saving taxpayers up to $1 million over the next 20 years." The question caps the net effective interest rate at 5.25% a year and sets no repayment term. It sets a maximum repayment cost of up to $36 million, and the TABOR notice lists the maximum annual district repayment cost as not to exceed $1,575,000.
Repayment From the Existing Levy03
The bonds are payable from property taxes the district's voters approved at its 2001 election, and the question authorizes the borrowing "WITHOUT INCREASING THE DISTRICT'S AVERAGE PROPERTY TAX MILL LEVY FOR THE LAST 10 YEARS." The 2026 adopted budget sets the district's total levy at 20.446 mills, down from 23.553 in 2025. The TABOR notice lists the estimated 2027 maximum tax increase authorized by the measure as $0, and the fact sheet says the ten-year average rate "would provide sufficient funds to pay the bonds."
A yes vote also makes those tax revenues, the earnings on their investment and the bond proceeds a voter-approved revenue change under TABOR.
The Case for the Measure04
The one comment summary filed in favor says the trail gives residents a safe place to walk, run and bike close to home and links the district's natural areas and businesses. It says refinancing at lower rates would reduce borrowing costs and ease the overall tax burden on residents. No comments against were filed by the constitutional deadline.
The source is a Thompson Crossing Metropolitan District No. 2 fact sheet describing a proposed $16 million bond question for a new multi-use trail and debt refinancing, though it does not explicitly identify the question as 6E or the 2026 ballot.
The 2026 election is over. Requests for personalized guides closed on November 3, 2026. The full guide remains available to read.
