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GCLD 2016 Ballot Question

On September 6, the Board of County Commissioners adopted a resolution to submit a GCLD ballot question to the voters of Grand County. The GCLD ballot question will read as follows:

SHALL GRAND COUNTY TAXES FOR THE SUPPORT OF THE GRAND COUNTY LIBRARY DISTRICT BE INCREASED $627,770 ANNUALLY IN 2017 (THE FIRST FULL FISCAL YEAR), AND BY WHATEVER AMOUNTS ARE RAISED IN EACH FISCAL YEAR THEREAFTER THROUGH AND INCLUDING TAX COLLECTION YEAR 2026 BY AN INCREASE IN THE MILL LEVY TO 3.36 MILLS (AN INCREASE OF 0.95 MILLS) IN ORDER TO: PAY OFF THE DISTRICT’S OUTSTANDING LEASE-PURCHASE FINANCING AND TO OPERATE, MAINTAIN AND IMPROVE LIBRARY FACILITIES AND LIBRARY SERVICES; AND SHALL THE COUNTY AND THE DISTRICT BE AUTHORIZED TO COLLECT, RETAIN AND SPEND ALL REVENUES FROM SUCH TAXES AND THE EARNINGS FROM THE INVESTMENT OF SUCH REVENUES AS A VOTER APPROVED REVENUE CHANGE AND AN EXCEPTION TO THE LIMITS WHICH WOULD OTHERWISE APPLY UNDER ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER REVENUE LIMITATION OR RESTRICTION SET FORTH IN THE LAWS OF THE STATE, INCLUDING, WITHOUT LIMITATION, C.R.S. SECTION 29-1-302?