Mill Levy Information

Post 1 – “Did You Know?” – Tax Based Income

One of the most frequent questions is how is the Fire District funded and what are the financial needs of the District? In addition we have received a lot of questions as to why the District is facing some significant financial challenges starting in 2018. Bennett-Watkins Fire Rescue is funded based on a mill levy set at 8.907 from assessed land value on all real property in the district, including residential, commercial, and industrial. These property based taxes are collected by both Adams and Arapahoe Counties and the applicable portion collected for the fire protection is distributed to the Fire District.

The District is currently facing some financial challenges with a decreasing budget.

In 2016 the District was provided $1,844,262 in total taxes.

In 2017 the District was provided $1,766,067 in total taxes.

Our 2018 Projection for Taxable income is $1,620,788

This shows that even though some residential property values and assessments have increased, the District is experiencing an overall shrinking trend in taxable income having sustained a $223,474 loss in our budget over three years.

This reduction poses a significant challenge as volunteers are increasingly short and the District has needed to continue to hire additional career firefighters. The District continues to find creative ways to cut excess expenditures and dedicate as much funding as possible to payroll. Keeping firefighters on the street to make sure the community is safe is a high priority of us and payroll expenditures account for approximately 84% of the District’s taxable income for 2018.
 
As the community continues to grow the District is facing an inevitable need to keep pace with increasing demands for emergency services, and the replacement and upkeep of equipment and services.
 
If you ever have additional questions about the District’s budget or services offered we always welcome contact from the public at our District office or by email or phone at Info@BennettFireRescue.org or 303-644-3572.