The La Plata County 2017 budget
reflects a challenging fiscal landscape. The county has historically derived the majority of its property tax revenue from natural gas and oil production, which has seen dramatic declines in price and production nationwide over the past several years. In 2016, gas and oil revenue comprised 44 percent of the county’s total property tax revenue; in 2017 we anticipate that figure will drop to 30%.
Because La Plata County has the fourth-lowest mill levy rate among Colorado counties, the precipitous drop in gas and oil-related revenue cannot be offset by residential and commercial property tax. The result is an increasingly constrained revenue picture for La Plata County, while demand for services continue to grow.
Projections do not suggest that this imbalance will correct this year or in 2018, as natural gas production and price is unlikely to increase significantly during that time. The La Plata County budget for 2017 reflects this landscape with significant spending and revenue reductions over 2016.
- Public service agencies seeking County funding for services should fill out and return a Public Service Agency Funding Request form. Please see the attached letter regarding 2016 funding to public service agencies. Requests for funding from the 2017 budget are due August 15, 2016. Please contact Kimberly Wiggins in Finance with questions (382-6314).