The City of Centennial gets to keep all the money it receives, including those dollars that exceed restrictions by Colorado’s Taxpayer’s Bill of Rights.
Unofficial results from the general election show ballot question 2D passed with 56 percent of the vote, placing the remaining portion of Centennial’s revenue at the city’s disposal.
About 35 percent of Centennial’s revenue stream remained subject to TABOR restrictions and included money from the Arapahoe County open space sales tax, developer and building inspection fees, as well as federal and state grants.
On two occasions, in 2001 and 2003, voters ceded similar spending limitations on sales, property and use taxes, the city’s main source of income.
Voters returned again in 2006 to grant a temporary waiver on the remaining revenue, but passage of the ballot issue now makes it permanent.
The waiver would have sunset in 2013, pushing Centennial to face its first possible refund requirement in 2015.