City of Craig ‘Fiscal Impact Statement’ clarified to reduce confusion
March 10, 2017
Craig — The city of Craig mailed voters the city’s fiscal statement, however it had some inaccuracies.
After the city received questions about their math, city officials issued a news release to better explain the financial statement included in the "Notice of Election."
The "Fiscal Impact Statement for Referendum 1A" incorrectly stated that the change in overall fiscal spending between 2014 and 2018 rose by 6.49 percent or $1,196,748 dollars. Instead the amounts should have been reported as a decrease in overall spending, according the news release.
The Tax Payer Bill of Rights — TABOR — requires that a "Notice of Election" be mailed out in advance of any proposal such as Referendum 1A that would raise taxes if passed.
Despite the lack of clarity on the document, it does meet the requirements of TABOR and will not need to be reissued, according to the news release.
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To read the complete news release and to see the corrected "Financial Impact Statement for Referendum 1A" click on this link http://www.ci.craig.co.us/sites/default/files/Finance/170309aPress%20Release.pdf city
Or visit the City of Craig website where a link to the press release appears near the bottom of the home page.