Stories Related to How Much Impact Does Oil And Gas Tax Revenue Have On The Colorado Springs Area?

BY RYAN MAYE HANDY ryanmaye.handy@gazette.com -Every year, El Paso County gets a couple of hundred thousand in tax dollars from oil and gas and mineral extraction - which might seem odd, since the county has very little of either. But thanks to annual state severance tax and federal mineral leases, slivers of municipal budgets all over El Paso County come from energy operators, few though they may be in an area with a smattering of oil wells and no active coal mining permits. In 2014, El Paso County got $104,103.49 in severance taxes, which was distributed to nine local governments for the 2015 fiscal year, according to records released Monday by the Colorado Department of Local Affairs.

Sections:  u.s.   
RELATED ARTICLES
BING NEWS:
  • Residents push back on proposed oil and gas project near Aurora Reservoir
    Aurora residents made it clear to the state on Thursday night that they do not want a proposed oil and gas project to move forward in the area around Aurora Reservoir.
    05/16/2024 - 4:57 pm | View Link
  • Polis signs Colorado oil and gas compromise bill
    Colorado Gov. Jared Polis signed a measure into law on Thursday that will create an oil and gas production fee that will be used for air quality and wildlife and land remediation. FOX31's Gabrielle ...
    05/16/2024 - 12:48 pm | View Link
  • New laws include $285M in fees on Colorado oil, gas producers to fund transit
    New Colorado laws will require oil and gas producers to pay approximately $285 million in fees to fund transit expansion and wildlife remediation over two years.
    05/16/2024 - 9:11 am | View Link
  • Colorado governor signs gun regulations, property tax measures and oil and gas plan into law
    SB 230 will impose production fees on oil and gas drilling ... on tax credit bills that would provide financial support for low-income families. SB 228 was sponsored by deGruy Kennedy, House Minority ...
    05/15/2024 - 1:00 pm | View Link
  • How Colorado’s new oil and gas production fees stack up against other states
    Colorado’s new fees on oil and gas production will do little to offset the state's low rates of conventional taxes on the industry.
    05/8/2024 - 3:22 am | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More U.s. News