Revenue Options

The Resourcing our Future community conversation begins with the question:
How does the community want to address the unfunded needs in street maintenance, police, fire, parks and recreation?

There are several options to consider. One option is to make deeper cuts to existing services. Another option is to consider new revenue such as increased sales tax, property tax, or fees.

Option: Increase Sales Tax

A 1% sales tax increase is the equivalent of 1 penny on a 1-dollar purchase. A sales tax increase would not apply on groceries and prescription drugs.

Impact:

Sales Tax Comparison:

If Fort Collins were to increase its sales tax by 1%, we would still have one of the lowest rates along the Front Range.

Option: Increase Property Tax

To raise the $20 million necessary to fund our most basic needs in police, fire, transportation, parks and recreation would require a mill levy increase of 11.41 mills.

	Property Value	Annual Increase
Residential	$180,000	$163
Residential	$250,000	$227
Residential	$350,000	$318
Residential	$500,000	$454
Business	$2 M	$6,618

Option: Increase Fees

A Street Maintenance Fee has been discussed as a possible revenue source. To generate $6.5M in revenue for streets maintenance, the total imposed fee would equal $7.8M.

	Monthly Impact	Annual Impact
Residential	$4.25	$51
Small Retail	$41	$498
Large Retail	$2,667	$32,000
Large Industrial	$3,685	$44,200

A Park Maintenance Fee has been discussed as a possible revenue source. Generating $4 million in revenue would cover the cost of maintenance at community parks and free up resources to help meet other needs.

	Monthly Impact	Annual Impact
Residential	$5.77	$69.24