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Severance Taxes

Posted: May 4, 2015 at 12:38 pm by , in Capitol Coverage, Morning Magazine

Oil production has boomed in Colorado. As a result energy companies are paying more in severance taxes – money they pay the state for taking minerals out of the ground. Half of it is supposed to go back to local communities, both directly – and through grants. But as Bente Birkeland reports, it’s not always a stable source of funding…