No. 301 would amend Lafayette’s City Home Rule Charter to allow for the
collection of a $720,000-per-year tax on public utility companies as an
alternative to the city’s current 3 percent franchise fee. Should it
pass, this proposed Utility Occupation Tax (UOT) would only go into
effect if the franchise fee (see Lafayette Question 2A) is no longer
Translation: If the majority of Lafayette residents vote no on Lafayette question 2A, which would renew the Xcel franchise fee for an additional 20 years, then the UTC would take its place provided Issue No. 301 passes.
$720K generated by the UTC would be earmarked for sustainable energy
practices, including projects that reduce energy consumption,
energy-related projects, renewable energy and prevention of climate
Voters should be aware that Issue No. 301 is to be considered in conjunction with ballot Question 2A. Read our information on Question 2A to better understand this direct connection.
Because we believe that Lafayette’s desire to become a more sustainable community by freeing itself from long-term dirty energy sources will be rewarded with a corresponding increase in economic vitality, we endorse a yes vote on 301.
View all of Boulder Weekly's endorsements here.