spot_imgspot_img

Colorado counties getting $45M in federal funds for 23M acres of tax-exempt land

(The Center Square) – Almost all of Colorado’s 64 counties will receive a portion of more than $45 million in “payments in lieu of taxes” from the U.S. Department of Interior to fund services throughout the state.

The funds are paid to state and local governments because federal lands are tax exempt. The federal money helps defray the costs associated with maintaining a county’s services, such as law enforcement, fire protection and schools.

Colorado’s amount is a 3% increase from the 2022 payment ($44.2 million) and 6% higher than 2021 ($43.1 million.)

Colorado has approximately 23 million acres of federal tax-exempt land, approximately 34% of the state’s total of 67 million acres, according to information published by the Interior Department and U.S. Census Bureau. Twenty counties will receive between $949,000 and $4.1 million.

Payments are made to counties with tax-exempt federal lands administered by the Interior Department, including the Bureau of Land Management, Bureau of Reclamation, U.S. Fish and Wildlife Service, National Park Service, U.S. Forest Service and U.S. Army Corps of Engineers.

Each county’s total number of acres of federal land and its population are considered when calculating the payments. More than $26.3 billion in revenue is collected annually by the federal government from commercial activity on public lands. After a portion is distributed to states and counties, the balance is deposited into the U.S. Treasury, according to information provided by the Interior Department. Funds for the payments in lieu of taxes are distributed from the U.S. Treasury.

Sixteen Colorado counties will receive between $1.1 million and $4 million, and have between 434,000 and 1.6 million acres of federal tax-exempt land. Nine of those 16 counties, including the top three receiving funds from the program – Mesa, Garfield and Montrose – are on the Western Slope.

Mesa County, with approximately 159,000 people or 47 people per square mile, has the largest number of acres of federal land in the state with 1.6 million, approximately 76% of its total acreage of 2.1 million, according to the Interior Department and the Census Bureau. It will receive $4.1 million.

Garfield County, with a population of approximately 62,000 or 21 people per square mile, will get $3.7 million. Approximately 63%, or 1.2 million acres of its total of 1.9 million acres, is federal land.

Montrose County has 908,658 acres of federal land or 68% of its total of 1.4 million acres. It will receive $3 million to serve its 43,800 residents, or 19 people per square mile.

“The Biden-Harris administration is committed to boosting local communities,” Joan Mooney, the principal deputy assistant secretary for policy, management and budget, said in an announcement on the distribution of funds. “PILT payments help local governments carry out vital services, such as firefighting and police protection, construction of public schools and roads, and search-and-rescue operations. We are grateful for our ongoing partnerships with local jurisdictions across the country who help the Interior Department fulfill our mission on behalf of the American public.”

DON’T MISS OUT

Be the first to know about the latest news, giveaways, events, and updates from The Black Chronicle!

We don’t spam! Read our privacy policy for more info.

spot_imgspot_img
spot_img

Hot this week

African and Caribbean Nations Call for Reparations for Slave Trade, Propose Global Fund

Nations across Africa and the Caribbean, deeply impacted by...

Health care company agrees to pay $22.5 million to settle claims of over billing

A health care company agreed to pay nearly $22.5...

Sports betting expert offers advice on paying taxes for gambling winnings

(The Center Square) – Tax season is underway, and...

Entertainment district benefits don’t outweigh the cost, economists say

(The Center Square) — Weeks later, after more details...

Business association ‘disappointed’ by WA L&I’s proposed workers comp rate hike

(The Center Square) – The Association of Washington Business...

Poll: Nevada a virtual tossup in presidential race

(The Center Square) – Former President Donald Trump and...

Safety fears rise for Chicago residents still plagued by high crime

(The Center Square) – Illinois state Rep. La Shawn...

Election 2024: Education policy vague in District 1 race

(The Center Square) – Education has taken a backseat...

Stanford marketing course requiring DEI statement to enroll

Requiring students to make a DEI statement to qualify...

King County residents footing 83% of collective $7.6B in property taxes in 2024

(The Center Square) – With business offices emptying out...

Cruz: ‘We are living on borrowed time’ regarding terrorist attack

(The Center Square) – In the last year, terrorist...

More like this
Related

Poll: Nevada a virtual tossup in presidential race

(The Center Square) – Former President Donald Trump and...

Safety fears rise for Chicago residents still plagued by high crime

(The Center Square) – Illinois state Rep. La Shawn...

Election 2024: Education policy vague in District 1 race

(The Center Square) – Education has taken a backseat...