Rejecting Irresponsible Debt in Denver
A closer look at Denver's bonds reveals a staggering total of over $2 billion.
Previous bonds, such as the Rise Denver bond in 2021 ($260 million) and the Elevate Denver Bond in 2017 ($937 million), have contributed to this significant amount.
The current 2A to 2E bonds total $950 million, adding to the existing debt repayment of approximately $1.9 billion.
The ballot states, “without imposing any new tax,” but this is not entirely accurate.
The truth is that these 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.
- Rise Denver bond (2021): $260 million
- Elevate Denver Bond (2017): $937 million
- Current 2A to 2E bonds: $950 million
- Total debt repayment: approximately $1.9 billion
As a resident of Denver County, where expenses have significantly increased this year, it is essential to consider the potential consequences of taking on more debt.
Author's summary: Vote "No" on Denver's bonds to avoid irresponsible debt.
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