Colorado Revenue
The economic activity that is generated by Colorado’s oil and natural gas development produced more than $3 billion in total government revenue in 2010.
If pro-development policies are employed, it is estimated that total government revenue form the industry could increase to more than $9.1 billion by 2030. (Source: American Petroleum Institute)
The Colorado oil and gas industry pays about 95% of all severance taxes levied on the extraction of oil and gas that are part of Colorado’s TABOR revenue base (Source: Colorado Department of Local Affairs). Taxable oil and gas property in 2009 was assessed at $11.9 billion, or about 12.1% of the state total. (Source: Colorado Department of Local Affairs – Colorado Assessed Values Manual 1995-2009)
Read more:
