BCDP Recommends YES on Ballot Question 3C*:
- Using bonding and debt servicing spreads out the cost of needed infrastructure improvements over time to avoid rate spikes, which keeps rates more predictable for users.
- Bond financing results in user rates that are initially lower than if cash were used to fund the improvements and distributes costs more equitably across both current and future residents.
- Bond financing allows the City of Longmont to make improvements in the near future, rather than waiting until funds become available.
- The proposed improvements are of value to residents of the City broadly because they protect public property and infrastructure from flooding risk.
For more information on this ballot issue, go to: 2023 BCDP Ballot Measures Guide
*The BCDP Executive Committee voted to support this issue with a two thirds majority vote.