Finance Committee Approves DDA Vote
If approved by the city council, the election would be on a proposed 20 mill levy on business properties in downtown Cheyenne to fund DDA operations. DDA Board President Hans Seitz told the committee the levy would double the current 10 mills paid by downtown business property owners to fund DDA operations.
Seitz says the current levy raises about $155,000, so doubling it would increase that figure to roughly $310,000. The Downtown Development Authority works to promote business development in downtown Cheyenne.
If approved by voters, the proposed levy would take effect in 2016 and continue for the next three years.