Support Watson for Aurora and make a difference

Public Safety with Community Accountability
 

How Aurora Can Pay for Each Major Initiative Without Overburdening Taxpayers:
Below is a detailed funding framework that is realistic, transparent, and aligned with how mid-size cities like Aurora typically operate.

Reallocation of Existing City Funds:
Redirect a small portion (e.g., 0.25%) of the general fund currently used for vacant land maintenance and underutilized assets.

Developer Impact Fees:
Dedicate a share of fees from new large-scale developments specifically to the trust fund.

Short-Term Lodging Tax (Hotel & Airbnb):
Increase by 1% to support affordable housing construction and transitional housing.

Voluntary Business Partnerships:
Encourage local corporations to contribute to the fund as part of corporate social responsibility (CSR) initiatives.

Public-Private Partnerships (PPP):
Offer city-owned land at reduced cost or long-term lease to developers who commit to 25–30% affordable units.

Tax Increment Financing (TIF):
Use projected increases in property tax revenue from new developments to fund upfront construction and infrastructure.

Low-Income Housing Tax Credits (LIHTC):
Partner with developers to apply for federal and state LIHTC, which can fund 30–70% of eligible affordable housing costs.

State and Federal Grants:
Pursue various state and federal grants to support housing initiatives.

Dedicated Bond Program (Voter-Approved):
Create the “Aurora Housing & Infrastructure Bond” (10-year plan) to raise capital for major projects, supportive housing, transitional homes, bike lanes, sidewalks, and green redevelopment.

Accountability Measures:
Require annual public audits and a citizen oversight committee.

Nonprofit and Philanthropic Partnerships:
Leverage expertise and funding from established community organizations.