GarCo tax revenue crash looms

CREWS WORK ON AN $8.5 million fire station on Battlement Mesa, which the Grand Valley Fire Protection District decided to build because of increased tax revenue from natural gas production. District officials hope to pay off the project early. The Garfield County assessor says tax valuation in the county could take a hit by 2011, when the lower assessed value of natural gas produced this year will be figured into the tax rolls.



042509 3A GarCo revenue

CREWS WORK ON AN $8.5 million fire station on Battlement Mesa, which the Grand Valley Fire Protection District decided to build because of increased tax revenue from natural gas production. District officials hope to pay off the project early. The Garfield County assessor says tax valuation in the county could take a hit by 2011, when the lower assessed value of natural gas produced this year will be figured into the tax rolls.

It’s been a wonderful ride for tax districts in western Garfield County in recent years. The natural gas industry has proven to be a revenue gravy train, thanks to a total assessed…




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