Delta coal company catches up on back taxes
Delta County’s largest property taxpayer, Bowie Resources/Bowie Acquisition Group LLC, is nearly caught up on its tax bill.
The coal-mining company made two $550,000 payments on back taxes from last year under a repayment plan reached with the Delta County Commission, county Treasurer Jim Ventrello said Friday.
A third payment, one of $450,000, is due this month, he said, and he anticipates the company will make that one as well.
Company officials in Delta County and Kentucky didn’t return phone calls, but Ventrello said Bowie was dealing with problems such as the slowdown in demand for its product as a result of the recession.
The company also is working its way through geologic problems in its coal mine.
It has cleared up the latter and is moving into high-quality coal, he said.
Ventrello said he follows the payments closely because Bowie is the largest taxpayer in the county.
It’s followed by the Union Pacific Railroad, which transports coal from Bowie’s operations, and the Delta-Montrose Electric Association.
“We have a half-dozen businesses highly reliant on the mines,” Ventrello said.
Delta County rode through the slowdown on reserves it had set aside, Ventrello said.