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Except for ad valorem taxes which may be adopted by resolution, the Town Council may adopt or increase municipal taxes by ordinance as long as those taxes or tax increases comply with the following conditions:

(a) Such taxes or tax increases are subject to any applicable limitations in the Colorado Constitution, including any requirements for voter approval; and

(b) Such taxes or tax increases are not prohibited for home rule municipalities by the Colorado Constitution. (Amended January 17, 2019)