Voters deciding Avon’s Skier Building fate

By scott miller

AVON — Voters here will decide Tuesday whether or not the town can use a specific kind of financing to buy a new town hall. That financing, called certificates of participation, allows a town to borrow money and pay it back from existing revenue sources. That financing is a common way towns and counties for 20-plus years have worked around some of the restrictions of the state’s TABOR amendment, which limits state and local governments’ ability to tax and spend. The genesis of Tuesday’s election was an October decision by the Avon Town Council to use those certificates — which …

Source:: Vail Daily Feed