Tag Archives: property taxes

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 Continue reading

Oil And Gas Impacts On Colorado Economy

oil-and-gas-industry-300A study by the University of Colorado Shows the Colorado Oil and Gas Industry is Key to the State’s Economic Health and Stability.  It also illustrates the positive impact of oil and gas to every Coloradan.  The oil and gas industry in 2014 pumped $31.7 billion into Colorado’s economy, according to the study, which was released yesterday.  Overall, the Continue reading

Senators Urge Reinstatement of PILT Funds

piltU.S. Senators Michael Bennet (D-CO) and Mike Crapo (R-ID) are urging Senate leaders to fully fund the Payment in Lieu of Taxes (PILT) program in any end-of-year legislation. Payments in Lieu of Taxes (PILT) provide federal payments to nearly 1,900 local governments across 49 states to help offset losses in property taxes Continue reading

Proposal Could End Hold on PILT Funds

piltA proposal in Congress could end federal delays in paying counties the money they are owed for public land. Representative Jared Polis introduced a bill that would extend funding for the Payment in Lieu of Taxes and Secure Rural Schools program. The funding is among programs tied up in the federal budget sequester. Continue reading

Bill Forgives Property Tax Payments of Those Affected By Disaster

co-state-capitol-300Colorado lawmakers reached a last-minute agreement on a bill to forgive property taxes for residents affected by massive flooding and wildfires last year.  The House gave final approval to the bill yesterday Continue reading