Rejecting Irresponsible Debt in Denver
A recent analysis of Denver's bonds reveals a staggering total of over $2 billion.
The total for all of these Denver bonds adds up to more than $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 debt. The current bonds (2A to 2E) total $950 million, with a debt repayment of approximately $1.9 billion.
- Rise Denver bond (2021): $260 million
- Elevate Denver Bond (2017): $937 million
- Current bonds (2A to 2E): $950 million
- Debt repayment: approximately $1.9 billion
The claim that the bonds will be paid "without imposing any new tax" is misleading, as the debt will be paid through commercial and residential property taxes in Denver County, potentially leading to increased mill levies if property values decrease.
Author's summary: Vote "no" on Denver's bonds to avoid irresponsible debt.