2A – Manitou Springs Marijuana Tax

BALLOT WORDING:

Shall city of Manitou Springs’ taxes be increased by one hundred twenty two thousand dollars ($122,000.00) annually in the first full fiscal year and by such amounts as are raised annually thereafter by imposing an additional sales tax of 5% on the sale of retail marijuana and retail marijuana products with the rate of such tax being allowed to be decreased or increased without further voter approval so long as the rate of the tax does not exceed 10%, and with the resulting tax revenue being allowed to be collected and spent by the city without regard to any expenditure, revenue raising, or other limitation contained in Article x, § 20 of the

Colorado Constitution or any other law?

TRANSLATION:

2A asks Manitou tax payers if they think the city should claim sales tax revenue from marijuana sales. The tax would kick in immediately at 5 percent and though time could climb after that up to 10 percent. City leaders have said that the voters’ decision on this ballot measure may have an impact on whether they decide to allow retail marijuana establishments in Manitou Springs.