Frequently Asked Questions
What is a GO Bond?
Is there a tax increase?
How will the bonds be paid back without raising taxes?
The bonds will be repaid back using revenue from property taxes at the current rate, which was previously approved by voters in 2007. Because Denver has paid off the most recent round of bonds, this vote only requires authorization for a new round of projects.
To develop these bond questions, the city used conservative estimates of population growth and projected revenue to determine the size of a bond proposal that can be financed without needing to increase tax rates.
How were the projects chosen?
These projects represent the most public input of any bond in city history. The city received more than 4,000 comments from the public, which were combined with project ideas identified by City Council, city agencies, public facilities like the art museum and the zoo, and the Mayor.
Residents, businesses and neighborhoods provided their input on potential improvement projects that they wanted to be considered in November and December 2016. To review these projects, the Mayor selected community members, as well as members of City Council, to serve on six stakeholder committees to help evaluate each eligible project and ultimately make a recommendation to the Mayor on a package of investments in June 2017.
The Mayor took these recommendations and, along with Council President Albus Brooks, announced a revised list in July 2017. City council deliberated and ultimately unanimously referred the final list of projects to the November ballot in August 2017.
How much is the GO bond for?
The final package of projects that were referred to the November ballot by City Council are valued at $937 million- $887 million in projects and $50 million in contingency.
|2A: Transportation and Mobility||$431,042,500|
|2C: Denver Health||$75,000,000|
|2F: Parks and Rec||$151,615,000|
|2G: City Service Facilities||$16,500,000|
Why can't we just use marijuana taxes?
Why are we investing in assets not owned by the city, like Denver Health and RTD
These bonds do not directly fund RTD — bus and rail service would continue to be the responsibility of RTD — but these bond measures will invest in the city infrastructure that makes transit more accessible and affordable, like dedicated lanes, crosswalks, and more efficient timing of traffic lights.
The City and County of Denver has a longstanding relationship with Denver Health and, historically, the city has financially supported the capital infrastructure at Denver Health. In this instance, the Hospital Authority is using it’s own funding to pay for more than half of the project, but doesn’t have the resources to finance the entire project. Due to the growing need of affordable health care in Denver, the city is asking voters to approve bonds that would complete the the Outpatient Medical Center at Denver Health.