Whereas, the growth of taxation and regulatory burdens upon the private sector in Fort Collins has exceeded the growth of population plus inflation; and

     Whereas, said burdens are stunting the orderly development of Fort Collins, especially in comparison to nearby cities;

     Therefore, be it enacted by the citizens of Fort Collins that "(2.25) percent" in Section 25-73(d)(1) of the Municipal Code is changed to "(2.25) percent prior to January 1, 2005; (1.5) percent on January 1, 2005; (0.75) percent on January 1, 2006; and (zero) percent on January 1, 2007;"