Funding the GCRA Master Plan:

The current Master Plan is estimated at $29 million, down from earlier estimates of over $33 million. The Town has refined the project scope to deliver greater value to the community.

Sales Tax:

• The Town is considering a sales tax up to 1% sale tax—dedicated solely to the Gypsum Creek Recreation Area.

• Voters would need to approve the tax.

• Funds would likely be used exclusively for the GCRA project.

• Considering a sales tax for this project will ensure that visitors to Gypsum help fund a significant portion of this investment. According to a Sales Tax Analysis presented to Town Council on December 5, 2024, non-residents shopping in Gypsum pay about 53% of the Town’s sales tax.

• Gypsum’s sales tax rate currently is currently 3%—one of the lowest rates in our region. The Town of Eagle’s rate, for comparison, is 4.5% and Avon’s is 4%.

• Using sales tax means Gypsum residents can benefit from the regional shopping and economic activity offered by our Town.  This funding will help create valuable community amenities and investments that can also boost property values.

Bonding:

• The Town is also considering issuing bonds that would be paid using the sales tax over 15 to 20 years.

• Once the bonds are repaid, the sales tax will drop by 80%, keeping only 20% for ongoing maintenance and operations.

• A bond is similar to a mortgage and would allow Gypsum to receive the funds upfront to complete the project quicker.

• Issuing bonds would allow the Town to better manage the project’s budget and avoid inflation due to materials and labor costs.

• A bond would have to be approved by voters.