Severance Tax

NEWS
7:56 am
Tue May 12, 2015

KVNF Regional Newscast: Tuesday, May 12, 2015

  Newscast

  • Seatbelt enforcement ramps up this month
  • Veterans thanks, asked for input
  • Road construction flanks the North Fork area
  • Severance tax helps fund multi million dollar shooting range near Palisade
NEWS
7:54 am
Mon May 11, 2015

KVNF Regional Newscast: Monday, May 11, 2015

  Newscast

  • April doesn’t improve snowpack outlook for state, Western Slope
  • Doctor sentenced to probation for false Medicare claims
  • DMEA begins election process
  • Severance taxes help fund large shooting complex on Western Slope
NEWS
5:25 pm
Fri May 8, 2015

Grant Will Boost Shooting Range, Gun Center In Cameo, Once A Coal Town

The state gave Palisade a $2 million severance tax grant to help fund a regional sports shooting complex at Cameo.
Credit Laura Palmisano / KVNF

The state collects severance taxes from companies that extract nonrenewable resources in Colorado. Some of this money goes to communities in the form of large grants. Most of these grants go to communities to help build fire stations, upgrade water systems, restore historic sites, and aid with other infrastructure or economic development projects. The program is also providing funds for a shooting range on the Western Slope. 

Roger Granat is the 73-year-old mayor of Palisade. He grew up there. And as a boy, he would often visit the neighboring community of Cameo. 

"The general store and the post office sat over here on our right," Granat said on a recent visit to the old town site.  

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NEWS
8:02 am
Fri May 8, 2015

KVNF Regional Newscast: Friday, May 8, 2015

  Newscast

  • More rain to come, but drought may persist
  • Lake City Medical Center hosts free health fair 
  • Severance tax supports Western Slope projects
  • The State Legislature finishes its session 
  • Emergency drills ran at chemical weapons facility
NEWS
5:26 pm
Thu May 7, 2015

Severance Taxes Critical To Colorado Communities

Ouray got a $200,000 grant from the state to develop a master plan to reconstruct its hot springs pool with the help of severance tax dollars.
Credit Laura Palmisano / KVNF

    

Severance taxes are a vital source of funding for communities across Colorado. This tax applies to revenue the state collects from mining and energy extraction. Half of these funds go directly to communities affected by those activities. The other half goes towards grants for infrastructure and economic development.  

"We have just under a million gallons of hot, natural spring water that flows into the pool," said Patrick Rondinelli, the city administrator of Ouray, while visiting the city's hot springs pool. 

"There’s always been ponds in the early years that were in this location and then finally in the late 1920’s a formal swimming pool was built on this very site," he said.  "And, it’s been maintained in that condition in some variation. There’s been some changes made to it but basically in this same very site all these years."  

Rondinelli said Ouray closes the pool in the spring for about a week to clean it and do basic repairs. The site attracts about 135,000 visitors a year and is a major tourism draw for the small mountain community.

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NEWS
9:16 am
Thu May 7, 2015

For Rural Colorado, Stability Of Severance Taxes Is Always In Flux

The red brick streets in the historic downtown of Trinidad.

Originally published on Wed May 6, 2015 7:19 am

As a result of Colorado's booming oil production, energy companies are paying more in severance taxes – money they pay the state for taking minerals out of the ground. Half of it is supposed to go to back to local communities, both directly and through grants. But thanks to market forces – and political conditions in Denver – it's not always a stable source of funding.

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NEWS
8:09 am
Tue March 31, 2015

KVNF Regional Newscast: Tuesday, March 31, 2015

  Newscast

  • Severance tax eyed to balance state budget
  • DMEA and Tri State continue arguments over local renewable energy
  • Area art show showcases artists with disabilities
  • Capital Conversation – standardized testing

NEWS
8:16 am
Wed April 23, 2014

KVNF Regional News: Wednesday, April 23, 2014

  Newscast

  • Dems urge study of severance tax in state senate
  • A measure to increase fines for violations by gas and oil industry passes state house
  • Colorado prepares to sue Feds over sage grouse listing
  • Legislature moves to prevent poor from being jailed if they can’t pay petty fines
  • Garfield County hantavirus victim recovering