DENVER — Tuesday, Sept. 4, 2012— Gov. John Hickenlooper and Reeves Brown, executive director of the Colorado Department of Local Affairs (DOLA), announced today $61,940,250 in annual state Severance Tax and Federal Mineral Lease Direct Distribution payments will be made to 502 Colorado counties, municipalities and school districts.
DOLA distributes the payments, which are derived from energy and mineral extraction statewide. Last year’s distribution to Colorado communities was $54 million.
“We are glad to see more energy impact funds distributed this year to local communities,” said Hickenlooper. “These funds are an important resource for communities to use in planning for and providing essential public projects and services.”
“These dollars bolster communities and represent partnership between all levels of government and the energy industry. Our department takes great pride in administering these funds,” Brown said.
Susan Alvillar, Community Affairs Representative for WPX Energy and a member of the Energy and Mineral Impact Advisory Committee said, “Direct distribution is an important source of funding for local governments that helps offset the fiscal challenges facing communities. We are excited and happy to partner with the governor through the energy impact program.”
Direct distribution is based on the number of production employees in the energy impacted communities, as well as permits, production, population and highway user miles (HUTF).
Click here for a report listing distributions by local government recipients.