[BoulderCouncilHotline] Re: UOT Tax Revenues and Carbon Sequestration Projects

[Carr, Thomas]

Mary,

Thank you for your question.  The ballot measure proposed the repurposing and extension of the UOT to among other things "support the city's clean energy goals."  The city has supported carbon sequestration as part of those goals.  I do not believe any change is necessary to allow for such projects.

Tom

From: Young, Mary <YoungM at bouldercolorado.gov>
Sent: Tuesday, December 1, 2020 12:18 PM
To: Carr, Thomas <CarrT at bouldercolorado.gov>
Cc: HOTLINE <HOTLINE at bouldercolorado.gov>
Subject: UOT Tax Revenues and Carbon Sequestration Projects

Dear Tom,

In the staff memo for Item 5C - Utility Occupation Tax Repurposing, description and examples of potential uses is stated as follows:
* fund projects, pilots, initiatives, and research that support the city's clean energy goals in the context of the city's racial equity goals and the community's commitment to the Paris Climate Agreement.

Examples in the ballot title included:

  *   providing energy-related assistance to disadvantaged members of the community, including support for utility bill payments and access to renewable energy;
  *   improving system reliability and modernizing, and supporting clean energy-related businesses, including, without limitation, new approaches in electrification of buildings and transportation, enhancement of resilience;
  *   implementing a partnership agreement with Public Service Company of Colorado; and
  *   increasing access to energy efficiency and renewable energy solutions.
As currently written, could carbon sequestration projects receive funding from UOT?

If not, I would be interested in asking my colleagues if an amendment to accommodate such a use would be amenable. Having the language ready to go would be helpful.

Thank you.

We're all in this together...six feet apart.


In solidarity,

Mary Dolores Young
Boulder City Council
303-501-2439

[cid:image001.png at 01D6C7F9.D2F31B20]

"All ethics ... rest upon a single premise: that the individual is a member of a community of interdependent parts..." - Aldo Leopold

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