Colorado cities, counties get severance tax windfall
DENVER, Colorado – Colorado cities and counties are getting an $80 million windfall from state and federal taxes on energy development.
Lt. Gov. Barbara O’Brien said Wednesday that 509 cities, counties and school districts are getting record distributions this year to offset the impact of energy projects.
O’Brien says the money comes at a critical time to help local government and schools maintain quality services. She says it will be up to local communities to decide how to spend it.