MOCO 2017 Budget Down $6 Million

budget-cuts-300The Moffat County Commissioners approved the preliminary budget for 2017 at their weekly meeting yesterday. The County will have nearly $6 Million less to spend in 2017 than in 2016, partially due to falling property values in the county. Since 2011, property values in Moffat County have fallen by nearly $80 million, resulting in an 18% drop in property taxes collected over that time period. The falling property taxes and other factors have put a strain on the county’s budget for next year and the foreseeable future. In the event that property values increase dramatically in Moffat County, the commissioners have put a measure on the ballot that would allow the county to make up for the decrease in taxes. The county’s Referred Measure 1A would remove property taxes from the “Colorado Tax Payers Bill of Rights” or TABOR restrictions. TABOR currently prevent the county from keeping property tax exceeding a 5.5% increase from the previous year. The measure will not increase property taxes, but would allow the county to keep and spend the funds collected, in the event property values increase by more than 5.5%.

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