Local business and community leaders are holding a rally to speak out against three ballot initiatives this morning at the Pioneer Museum.
Sponsored by the Colorado Springs Chamber of Commerce, the rally starts at 11:30 and will feature leaders discussing the “devastating” effects of Amendments 60, 61 and 101, all three of which will be on the ballot in November.
UCCS Chancellor Pam Shockley-Zalabak, Chamber CEO Dave Csintyan and state Attorney General John Suthers will be present.
“If passed, these three initiatives will sink us into a deepr recession,” said stephannie Finley, president of governmental affairs and public policy with the chamber. “In addition to the 107,000 jobs already lost (statewide)in the recession, 73,000 more will be lost, with the higher percentage in the private sector.”
The initiatives will take away local control, she said.
Amendment 60 will force school districts to cut property taxes by 50 percent. It would also overturn local elections that gave greater flexibility in local government spending.
Amendment 61 limits government bonds, a form of financing local government use mostly for capital projects. Opponents say the amendment could make it impossible for state and local governments to issue bonds.
Proposition 101 will cut vehicle registration fees to $10, cutting $277 million from the Colorado Department of Transportation budget.
The CSBJ will have an update about the rally. Check back for more information.