The City of Colorado Springs requires disclosure of information relating to the private business interests of candidates and disclosure of information related to campaign finance. Candidates, candidate committees, issue committees, and political committees must file the disclosure statements.
The filing requirements are summarized below. However, candidates and committees must comply with the City Code section 5.2.101 through section 5.2.105 as well as City Code section 5.2.201 through section 5.2.211. See the City Code for the specific requirements, as the following information serves only as a general guide to the disclosure requirements.
Within ten days after filing an affidavit of candidacy and a nominating petition, a candidate must disclose the substantial private business interests (including real property) of the candidate and the candidate's spouse. Disclosure is required only if the interest is in a business that is located or does business in El Paso County. Likewise, the real property interest that must be disclosed is only of real property that is in El Paso County. "Substantial private business interests" generally means:
- an ownership interest of at least five percent or greater in a business (such as a corporation, partnership, or any other commercial enterprise) or service as an officer or director in the business. The term also includes a beneficial interest in a trust, and
- an ownership interest or any other interest in real property (other than real property used as the primary residence of the candidate or the candidate's spouse) that is owned by the candidate or the candidate's spouse.
Candidates and committees must disclose periodically a "Report of Contributions and Expenditures." The materials you received provide the specific dates when the reports are required during the campaign and the period covered by each report.
The threshold that triggers the requirement to file is very low. Once a candidate or a committee has expenditures OR receipts of $20 dollars or more ($200 for issue committees) during the election cycle, reporting is required for all reporting periods, even if in a later period, there are no expenditures or receipts. There are no limits on contributions. Once reporting is required, you must report all receipts and expenditures of $20 or greater. You must report specific information about each contributor.
If you are not sure whether a contribution must be reported, you are safe if you report it. There is no harm in over reporting.
Information about eligibility and the process to get on the ballot for the April 7, 2015 General Municipal Election can be found on the Candidate Information page.