Inside Energy

When Colorado Raids Severance Taxes, The 'Energy Impacted' Feel The Pinch


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Energy producing states get an annual budget boost from revenue known as severance taxes. These are collected from companies that extract oil or gas, coal or other minerals. Inside Energy reported recently that North Dakota has voted to lower the severance tax rate charged to oil companies. In Colorado half of the severance tax revenue is supposed to go back to the cities and counties most impacted by energy development. But each year, how much goes where can be a battle. Colorado lawmakers just voted to take 20 million dollars of severance tax revenue away from communities and put it into the general fund. As KUNC’s Stephanie Paige Ogburn reports, the move is not sitting well with people in the oil patch.
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Inside EnergyBy Inside Energy

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