If Proposition 101 is approved, the city of Aspen could lose $866,000 in revenue next year and $1.1 million in four years, according to city finance director Don Taylor. Today the city uses the tax money for general operations and to fund parks, housing, day care and transportation.

ASPEN REAL ESTATE – Local government and special district officials are developing estimates of how much Proposition 101 and Amendments 60 and 61 would cost their organizations if the three measures are passed by Colorado voters in November. The ballot questions aim to limit government fees, taxes and debt.

By Brent Gardner-Smith, Sept. 1, 2010 Aspen Daily News

Link to article