HomeMy WebLinkAbout2025-46 A Resolution in Support of the Town of Vail Ballot Issue 2A to Fund Town of Vail Housing Initiatives through a New 6.0% Tax on Short Term Rentals|
RESOLUTION NO. 46
SERIES 2025
A RESOLUTION IN SUPPORT OF TOWN OF VAIL BALLOT ISSUE 2A
TO FUND TOWN OF VAIL HOUSING INITIATIVES THROUGH A NEW
6.0% TAX ON SHORT-TERM RENTALS
WHEREAS, Vail is a national and international destination, and this means that
housing costs are out of reach for many people;
WHEREAS, Vail has significant supply constraints including land availability, high
construction costs, high levels of out-of-town buyers, and the prevalence of short-term
rentals (STRs), and the COVID-19 pandemic multiplied and accelerated these trends;
WHEREAS, cr
priority in order to preserve and sustain its vision to be the premier mountain resort
community in the world;
WHEREAS, the Town Council continues to lead in the development of community
housing by prioritizing the goals adopted in the Vail Housing 2027 Plan and the 2024
Council Strategic Plan, implementing the various housing initiatives, policies, and
community housing redevelopments;
WHEREAS, the Town Council supports community housing solutions by ensuring
dedicated funding sources are available for the initiatives and programs to increase the
supply of deed-restricted homes for year-round and seasonal residents;
WHEREAS, on August 5, 2025, the Town Council adopted Resolution No. 26,
Series 2025, a resolution submitting Ballot Issue 2A to the registered electors of the Town
regular election on November 4, 2025;
WHEREAS, Ballot Issue 2A would impose a new tax of 6.0% on short-term rental
accommodations starting on January 1, 2026; with the revenues from such tax to be used
to fund housing initiatives, housing developments, housing programs and related
activities inside and outside of the Town; and
WHEREAS, Ballot Issue
community housing issues by adding additional dedicated funding sources to help create
.
NOW THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE
TOWN OF VAIL:
Section 1. The Vail Town Council encourages Vail voters to vote in the
upcoming November 4, 2025 election, and urges voters to support Ballot Issue 2A by
voting YES.
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INTRODUCED, PASSED AND ADOPTED at a regular meeting of the Town
Council of the Town of Vail held this 21
st day of October, 2025.
______________________________
Travis Coggin, Mayor
ATTEST:
___________________________
Stephanie Kauffman, Town Clerk