Rejecting Irresponsible Debt in Denver
A call to vote "No" on Denver's bonds to reject irresponsible debt has been made, citing the significant financial burden it would place on the city.
The total amount of the proposed bonds, from 2A to 2E, is approximately $950 million. When combined with previous bonds, such as the Rise Denver bond ($260 million) and the Elevate Denver Bond ($937 million), the total exceeds $2 billion.
The debt repayment for the current bonds is estimated to be around $1.9 billion. Although the ballot states that there will be no new tax imposed, this is not entirely accurate. The bonds are paid through commercial and residential property taxes in Denver County, which could lead to an increase in the mill levy if property values decrease.
The total for all of these Denver bonds adds up to more than $2 billion.
As a resident of Denver County, the author has experienced a significant increase in expenses this year, highlighting the need for responsible financial decisions.
Author's summary: Vote "No" on Denver's bonds to avoid irresponsible debt.
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