Citizens for NO New Debt.

08/04/2026

Did you know? That we have around 4,000 local governments here in Colorado and the voters will have around 100 new debt requests this Fall from our politicians and their financial staffers.

Join us and we'll all work together to defeat this new debt at the ballot box. By defeating new government debt, we'll save literally billions of dollars in wasted tax money every single year, right here in Colorado.

Please, please, please, if you like what you see here, share this post with your group(s). This really helps this cause.

For more information: CitizensForNoNewDebt.org

07/29/2026

Aurora’s government wants $264 million in new debt for the taxpayers of Aurora. We have Danielle Jurinsky, Brandon Wark, Kathleen Chandler, and others helping us with our campaign to defeat this financial nonsense from Aurora City Council.

We’re busy distributing flyers at events in and around Aurora. Our next step is to get yard signs printed the moment we have a ballot number from Aurora. We need to raise $1,600 for the yard signs. Can you help us with this?

Thank you very much for any consideration that you may give to this request. Our supporters make this happen as we work to defeat new government debt.

Please visit our website for more information:
CitizensForNoNewDebt.org

07/15/2026

Aurora’s City Council wants $264 million in new debt for the taxpayers. On Aurora’s ballot this November 3rd. We'll save approximately $300 million in wasted tax money (interest and fees to the banks and bond markets) by defeating this new debt on November 3rd. Vote NO New Debt! Please help us to get the word out.

Please share this post with your group(s), this really helps the cause.

To sign-up for our newsletter: CitizensForNoNewDebt.org

07/01/2026

The manner in which most reporters cover new government debt is a major problem for the taxpayer. The media will generally just parrot our governments’ false claims that bonds pay for things.

Tax money pays every penny of development. Government debt is NOT development, bonds pay for NOTHING. We’ll build twice as much per tax dollar when we do not use debt. Government debt is a terrible waste of valuable money. The idea that debt gives more to the City is pure nonsense.

Government debt takes twice as much tax money before we have the banks paid off. WE DOUBLE OUR EXPENSE for every road, bridge, sidewalk, school and park, when we use debt. Every dollar we give to the bank buys just as much for the City as every dollar we throw into a trash can.

The implication from the City of Aurora and most media is clear: Approving debt equals development. That assumption is false.

Government debt does not develop the City—despite what politicians and their financial teams repeatedly claim. Debt is routinely promoted as a tool for “development,” but in reality it diverts tax dollars away from public services and into the hands of banks and bond markets.

Government debt requires, on average, twice as many tax dollars to deliver the same public benefit. When the City borrows, roughly half of every tax dollar goes toward interest, fees, and repayment to financial institutions. Only the remaining half goes toward actual development. Every dollar paid to a bank will not buy us so much as a broom to sweep the floor. Zero actual service comes from every dollar of debt service.

When we do not use debt:

• We will build twice as many roads and bridges per tax dollar.
• We will fund twice the police and fire services per tax dollar.
• We will develop the City twice as much per tax dollar.

Tax revenue is the only source of funding for government. Governments have no investors. Debt is not an “investment”—it's a liability. We do not invest in government; we pay taxes. Those taxes either go directly to public services or they are wasted on financial overhead.

Governments also have no capital in the true economic sense. Capital is money invested into a business with a plan to double and triple that money. We call this capitalism.

Government is not capitalism; government is government. When politicians refer to borrowing as “capital improvements” or “capital projects,” they're engaging in political and financial deception. Renaming debt does not change its nature. Business budgets and government budgets are adjacent and parallel, but they are two very different things.

Consider a horse race. Business is the horse—it generates the power, productivity, and growth that society depends on. Government is the jockey. If we want to win the race, the jockey must be as light as possible. Government debt slows the horse and reduces overall productivity.

Debt creates a permanent drain on the public. Borrow money, pay it back. Borrow money, pay it back. Rinse and repeat. Each cycle requires more financial staff, more attorneys, more accountants, more insurance, and more compliance costs. This growing financial overhead consumes tax dollars with no actual public benefit. Most financial overhead is a waste of valuable money.

Government debt does not build the City—it drains it. True development comes from disciplined spending, less overhead, and directing tax dollars toward public needs rather than financial institutions. The idea that debt develops the City is pure nonsense.

Please, please, please, if you like what you see here, share this post with your group(s).

For more information, please visit our website:
CitizensForNoNewDebt.org

06/23/2026

The manner in which most reporters cover new government debt is a major problem for the taxpayer. The media will generally just parrot our governments’ false claims that bonds pay for things.

Tax money pays every penny of development. Government debt is NOT development, bonds pay for NOTHING. We’ll build twice as much per tax dollar when we do not use debt. Government debt is a terrible waste of valuable money. The idea that debt gives more to the City is pure nonsense.

Government debt takes twice as much tax money before we have the banks paid off. WE DOUBLE OUR EXPENSE for every fire station, library, road, bridge, sidewalk, school and park, when we use debt. Every dollar we give to the bank buys just as much for the City as every dollar we throw into a trash can.

The implication from the City of Aurora and much of the media is clear: Approving debt equals development. That assumption is false.

Government debt does not develop the City—despite what politicians and their financial teams repeatedly claim. Debt is routinely promoted as a tool for “development,” but in reality it diverts tax dollars away from public services and into the hands of banks and bondholders.

Government debt requires, on average, twice as many tax dollars to deliver the same public benefit. When the City borrows, roughly half of every tax dollar goes toward interest, fees, and repayment to financial institutions. Only the remaining half goes toward actual development. Every dollar paid to a bank develops the City just as much as every dollar thrown into a trash can.

When we do not use debt:

• We will build twice as many roads and bridges per tax dollar.
• We will fund twice the police and fire services per tax dollar.
• We will develop the City twice as much per tax dollar.

Tax revenue is the only source of funding for government. Governments have no investors. Debt is not an “investment”—it's a liability. We do not invest in government; we pay taxes. Those taxes either go directly to public services or they are wasted on financial overhead.

Governments also have no capital in the true economic sense. Capital is money invested into a business with a plan to double and triple that money. We call this capitalism.

Government is not capitalism; government is government. When politicians refer to borrowing as “capital improvements” or “capital projects,” they're engaging in political and financial deception. Renaming debt does not change its nature.

Consider a horse race. Business is the horse—it generates the power, productivity, and growth that society depends on. Government is the jockey. If we want to win the race, the jockey must be as light as possible. Government debt creates a heavy, bloated jockey that slows the horse and reduces overall productivity.

Debt creates a permanent drain on the public. Borrow money, pay it back. Borrow money, pay it back. Rinse and repeat. Each cycle requires more financial staff, more attorneys, more accountants, more insurance, and more compliance costs. This growing financial overhead consumes tax dollars with no actual public benefit. Most of it is pure waste.

Government debt does not build the City—it drains it. True development comes from disciplined spending, less overhead, and directing tax dollars toward public needs rather than financial institutions. The idea that debt develops the City is pure nonsense.

We'll form a political committee and defeat this new debt in November. Please email us via the website to join in and help out. The taxpayers deserve NO new debt.

Please visit our website for more information:
CitizensForNoNewDebt.org

06/16/2026

10-Point Blueprint to Defeat New Government Debt.

1) Understand the crucial difference between government debt and business debt. Comparing government debt to business debt is like comparing apples to oranges, in other words, it's a meaningless comparison. Government budgets are for common good and business is for-profit. Government budgets and business budgets are adjacent to each other but they are not the same thing.

2) See the difference between government debt and a home mortgage.

3) Borrowing for roads and bridges requires twice as much tax money.

4) We buy twice as much infrastructure, per tax dollar, when we do not use debt.

5) Tax money pays for every penny of development. Revenue bonds are revenue for the banks and bondholders, not the City. Bonds are a liability for the City--basic GAAP accounting.

6) Focus on the cost of the debt. Most financial overhead is a waste of valuable money. We have an expanding normalization of excessive financing driven by our financial markets, political deception, and Greed.

7) Credit agencies are pulling the strings: “ratings and debt capacity.” When we do away with both we'll have more and pay less. With debt we have less and pay more. Basic math my friends.

8) Most media, in pursuit of advertising dollars and political correctness, will generally back new government debt via biased reporting and parroting status quo.

9) We the People, we're completely diffused pertaining to government debt. We all benefit in general by defeating government debt. However, at the individual level defeating government debt requires sacrifice.

10) We need to organize and scale up. We need to win the NO vote at the ballot box.

We need to cut the banks from the public budget.

We're working to complete and print this blueprint booklet this month. Please donate a few dollars to help with the printing and we'll mail or deliver printed copies to you.

Please see our website to sign-up for our Newsletter and/or to make a donation to this cause.

We're a public-service campaign with one mission: To defeat new government debt throughout Metro Denver and all of Colorado.Municipal governments across Colorado place billions of dollars in new government debt on the ballot every year. Tax-payers repay two to three times the original amount once in...

06/09/2026

We have around 4,000 local governments in Colorado with around 13,000 bonds moving money from our truck drivers, construction workers, restaurant workers, teachers and nurses--to banks and bond markets every single day.

Our local governments here in Colorado carry one hundred times more debt than the State budget. We focus on the enormous amount of local government debt here in Colorado. We're the only organization with this one single mission.

For more information, sign-up for our Newsletter arriving twice per month.
CitizensForNoNewDebt.org

Please, please, please, if you like this post share it with your group. This takes only one minute and it really helps this cause. Thank you!

06/03/2026

Don’t Blame TABOR for Government Debt

One reason I hear repeatedly for government debt here in Colorado is our Taxpayer's Bill of Rights, or TABOR. Some say that TABOR overly constrains our budget and this is why we need more government debt.

Some politicians believe that government debt lessens the constraints of TABOR. In reality, the opposite is true. It’s basic math—assuming we consider tomorrow to be a real event.

Politicians here in Colorado often blame TABOR for their poor financial decisions. But if TABOR makes budgeting more difficult, debt only adds another layer of difficulty. One layer of difficulty is better than two.

Government debt creates constant pressure to seek more tax money—alongside broader spending agendas. Blaming TABOR is used as an excuse as they want to blame someone or something for their growing levels of debt here in Colorado.

For much of Colorado, debt service is causing our increasing debt.

Our TABOR laws require for local governments to take new debt to the voters for approval. Unfortunately, we have not been winning the NO vote.

TABOR works to protect the tax-payer. We’re working to expand TABOR by winning the NO vote at the ballot box.

We need to organize. We need to scale-up. We need to inform the voters. We need to show up when our politicians put new debt on the ballot.

We need to win the NO vote.

CitizensForNoNewDebt.org

04/03/2026

We support Truth in Accounting, they do excellent work tracking government debt.

Money obligated for social security and medicare is not considered long-term debt according to our Federal government. In the real world, this would be completely fraudulent.

We, all of us, we need to proactively work to defeat new government debt. Superman is not on the way, it's up to us!

Please visit our website:
CitizensForNoNewDebt.org

04/02/2026

In Denver we’re now paying an additional $200-400 per year to pay for the new debt the Politicians created in November 2025.

The cost to a property owner for Denver’s general obligation bond debt is approximately $200 per year for a $500,000 home. The calculation for this is: $500,000 property value x 6% approximate assessment rate = $30,000 assessed value x 0.0065% = $195 per year.

People who rent pay property tax when they make the rent payment. Rent costs are going up $200 per year because of the new debt from Mayor Johnston and Denver City Council.

1. The order of events in the calculation of an annual residential real estate property tax bill:
a. The county assessor calculates an “estimated actual (market) value” every 2 years.
b. The state legislature sets an assessment rate, which is applied to the actual value.
c. The multiple individual mill levies are set by the various taxing authorities that exist where the property is located. A mill levy is the dollar amount owed per thousand dollars of assessed value.

2. In Denver, the various mill levies include:
a. Affordable Housing: 0.391000 (0.5% of the total levy and tax bill)
b. Capital Maintenance: 2.519000 (3.2%)
c. City Bond Fund: 6.500000 (8.2%) THIS IS WHERE WE, THE CITIZENS, PAY FOR THE VIBRANT, ELEVATE, RISE AND OTHER GENERAL OBLIGATION BOND DEBT
d. Denver Public Library: 1.517000 (1.9%)
e. Denver Public Schools: 52.311000 (66.0%)
f. Developmentally Disabled: 1.013000 (1.3%)
g. Fire Pension Fund: 0.977000 (1.2%)
h. General Fund Denver: 9.375000 (11.8%)
i. Police Pension Fund: 1.166000 (1.5%)
j. Social Services: 2.433000 (3.1%)
k. Urban Drainage & Flood Control: 1.000000 (1.3%)
l. Total: 79.202000 (100%)

3. Denver collects money in the City Bond Fund and then pays the debt repayment costs for the various outstanding debt/bonds/loans.

4. If Denver voters had rejected the VIBRANT bonds, the City Bond Fund eventually would have had a “surplus” in this account, as prior bonds were paid off/retired and new debt was not incurred/borrowed.

5. Surpluses could also be used to pay off early the various other general obligation bonds/debt.

6. Over time, Denver would need to lower the 6.5 mill levy in order to avoid holding a growing surplus. Denver property owners would see a reduction in annual property tax bills.