County applies for revenue exemption

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Moffat County still is reaping some benefit from the oil and gas boom of the past few years.

The Moffat County Commission approved, 3-0, an application to the Colorado Department of Local Affairs at its meeting Tuesday to exempt new well production in 2008 from the state's 5.5 percent revenue cap.

Government bodies in Colorado only are permitted to collect 5.5 percent more in revenue from one year to the next, but there are exceptions for new construction.

Actual construction, such as new residential or commercial property, is exempted automatically.

Governments also can apply to exempt oil and gas production with the caveat that if approved, the additional tax funds can be used only for services that apply directly to the increase in energy production.

According to information from the Moffat County Assessor's Office, the exemption discussed Tuesday would apply to 42 new wells built in 2008, amounting to roughly $539,417 in additional tax revenue for 2010.

Although the wells were built and online in 2008, they are evaluated for tax purposes this year, and taxes are paid in 2010.

The county has applied for the exemption in four of the last five years, totaling $938,141 in additional revenue.

Moffat County Assessor Suzanne Brinks said officials did not apply for the exemption last year because the revenue gains would have been very small.

The commission also:

• Approved, 3-0, a proclamation declaring November as National Runaway Prevention Month in Moffat County.

The Moffat County Youth Services Department and Youth Leadership Team plan to organize several activities in the next few weeks to raise awareness of youth homelessness and runaways.

• Approved, 3-0, a personnel requisition for a Moffat County Social Services caseworker after a previous employee resigned. The position is partly paid by the state.

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