Vote "No" on Denver's Bonds
After researching previous bonds passed by voters, it's clear that the total debt is substantial. The Rise Denver bond in 2021 was $260 million, and the Elevate Denver Bond in 2017 was $937 million.
The current bonds, 2A to 2E, total up to $950 million. Adding these to the previous bonds, the total debt exceeds $2 billion, with a debt repayment of approximately $1.9 billion.
The ballot states, "without imposing any new tax," but this is not entirely accurate.
The bonds are paid through commercial and residential property taxes in Denver County. If property values decrease, the mill levy may need to increase to cover the debt, even if voters say yes. As a Denver County resident, I've seen expenses rise significantly this year.
A "no" vote could potentially lower the mill levy, whereas a "yes" vote may lead to increased taxes if property values decline.
Author's summary: Reject Denver's bonds to avoid irresponsible debt.
- Rise Denver bond (2021): $260 million
- Elevate Denver Bond (2017): $937 million
- Current bonds (2A to 2E): $950 million
- Total debt: over $2 billion
- Debt repayment: approximately $1.9 billion