Arapahoe County just fired a fiscal warning shot across the bow. Colorado’s third-largest county painted a dire picture of “critical services at risk” for its 655,000 residents “without modernizing finances.”
, with Democrats taking full control of state government.
Weld County thrives off of taxes on oil and gas production, which is the most robust in Colorado by far. Cheryl Pattelli, the county’s chief financial officer, said the “positive financial impact” from energy sector activity has allowed Weld County to give taxpayers a credit on their property taxes, obviating the need to issue TABOR refunds.
Pattelli said that arrangement has saved Weld County taxpayers approximately $1 billion over 20 years. “At its core, TABOR is about getting permission from the voters to raise taxes, and Mesa County commissioners support that,” she said., having taken in approximately $12.7 million in excess revenues. Each active registered voter in Mesa County received a refund check of $122.98.
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