Monument construction use tax increase from 2.0% to 3.5%
Monument · November 3, 2026
The question on your ballot
SHALL TOWN OF MONUMENT TAXES BE INCREASED BY $2,272,500 ANNUALLY, BEGINNING JANUARY 1, 2027, AND BY WHATEVER ADDITIONAL AMOUNTS THE TAX RATE GENERATES IN EACH YEAR AFTER BY RAISING THE TOWN’S USE TAX ON CONSTRUCTION AND BUILDING MATERIALS AND CONSTRUCTION EQUIPMENT FROM 2.0% TO 3.5%, TO MATCH THE TOWN’S EXISTING 3.5% SALES TAX RATE ON RETAIL PURCHASES; AS SET FORTH IN AND SUBJECT TO THE EXEMPTIONS IN ORDINANCE NO. 19-2026 AND CHAPTER 3.10 OF THE MUNICIPAL CODE; THE INCREASED USE TAX IS COLLECTED, ON CONSTRUCTION AND BUILDING MATERIALS AND CONSTRUCTION EQUIPMENT ONLY WHEN A BUILDING PERMIT OR RIGHT-OF-WAY PERMIT IS REQUESTED AND, WHEN A MUNICIPAL SALES TAX OF 3.5% WAS NOT COLLECTED WHERE THE CONSTRUCTION AND BUILDING MATERIALS OR CONSTRUCTION EQUIPMENT WAS PURCHASED, AND ALL REVENUE WILL BE SPENT ON CAPITAL PROJECTS, INCLUDING: • STREETS, ROADS, BRIDGES, AND SIDEWALKS; AND • STORMWATER IMPROVEMENTS; AND SHALL THE TOWN BE AUTHORIZED TO COLLECT, RETAIN, AND SPEND THIS TAX REVENUE AND ANY INVESTMENT EARNINGS ON IT AS A VOTER-APPROVED REVENUE CHANGE UNDER ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION (TABOR) OR ANY OTHER LAW?
In plain language
A VoterDecoder summary of the official measure text.
Monument Ballot Issue 2B would raise the town's use tax on construction and building materials and construction equipment from 2.0% to 3.5%. The rate would match the town's existing 3.5% sales tax on retail purchases. The increase would bring in $2,272,500 a year starting January 1, 2027, plus any additional amounts later. The tax is collected when a building permit or right-of-way permit is requested. All revenue would be spent on capital projects, including streets, roads, bridges, sidewalks, and stormwater improvements. A YES vote approves the higher use tax. A NO vote keeps the 2.0% rate.
Fiscal impact
The official fiscal statement reports town fiscal year spending of $14,759,624 in 2022 and an estimated $24,159,389 for 2026, an overall change of 64%. The estimated maximum tax increase for 2027 is $2,272,500. The statement estimates 2027 spending without the increase at $33,229,193.
Official explanation
FINANCIAL IMPACT STATEMENT
Fiscal Year Spending Information:
2026 (Current fiscal year estimated) $24,159,389 2025 (Actual) $24,154,194 2024 (Actual) $19,163,230 2023 (Actual) $17,184,205 2022 (Actual) $14,759,624
Overall percentage change in fiscal year spending: 64% Overall dollar amount change: $09,399,764
Estimated Maximum dollar amount of tax increase for 2027: $02,272,500 Estimated 2027 fiscal year spending without tax increase: $33,229,193
Official ballot arguments
No official arguments were filed for or against this measure.
What supporters and opponents say — outside sources (not official ballot arguments)
Statements by campaigns, officials and news coverage, quoted with attribution and linked to the original. VoterDecoder did not write them and does not endorse either side.
Supporters say
No public statements in favor were found.
Opponents say
No public statements against were found.