SHALL DURANGO SCHOOL DISTRICT NUMBER 9-R, LA PLATA COUNTY COLORADO BE AUTHORIZED TO COLLECT, RETAIN AND/OR EXPEND ALL REVENUES AND OTHER FUNDS WHICH ARE AUTHORIZED UNDER LAW OR WHICH MAY LAWFULLY BE RECEIVED BY THE DISTRICT FROM ANY SOURCE DURING FISCAL YEAR 1997-98 AND EACH YEAR THEREAFTER, INCLUDING WITHOUT LIMITATION THE FULL REVENUES AUTHORIZED UNDER THE COLORADO PUBLIC SCHOOL FINANCE ACT OF 1994 AS AMENDED OR UNDER ANY SUCCESSOR ACT, WITHOUT REGARD TO THE LIMITATIONS AND CONDITIONS UNDER ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW?

THIS PROVISION AUTHORIZES THE DISTRICT TO COLLECT, RETAIN AND SPEND ALL REVENUES LAWFULLY RECEIVED. THIS PROVISION SHALL NOT PERMIT AN INCREASE IN THE PROPERTY TAX MILL LEVY OR REMOVE OR AVOID ANY OF THE REMAINING RESTRICTIONS OF ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION, WHICH IS COMMONLY KNOWN AS AMENDMENT ONE AND/OR THE TABOR AMENDMENT THE REMAINING RESTRICTIONS INCLUDE: (1) VOTER APPROVAL OF ALL NEW TAXES AND TAX RATE INCREASE; (2) VOTER APPROVAL FOR MULTIPLE YEAR SCHOOL DISTRICT DEBT; (3) EXISTING AD VALOREM PROPERTY TAX RESTRICTIONS; AND (4) THE ELECTION REQUIREMENTS CONTAINED IN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION.