Rejecting Irresponsible Debt in Denver
A call to vote "No" on Denver's bonds highlights the issue of irresponsible debt. The total for all of these Denver bonds adds up to more than $2 billion.
Previous bonds passed by voters include the Rise Denver bond in 2021, which was $260 million, and the Elevate Denver Bond in 2017, which was $937 million. The current 2A to 2E bonds total up to $950 million.
The debt repayment for the current bonds is about $1.9 billion. Although the ballot states "without imposing any new tax," this is not entirely accurate, as the bonds are paid through commercial and residential property taxes in Denver County.
The mill levy could go down if voters say no, and if voters say yes it also could have to increase to pay for these billions of dollars if property values decrease.
As a resident of Denver County, where expenses have significantly increased this year, it is essential to consider the potential impact of these bonds on the community.
Author's summary: Vote "No" on Denver's bonds to avoid irresponsible debt.
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