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Colorado Severance Tax and Mineral Lease Revenue Distributed

by Kenneth E. DuBose on September 2, 2011

Colorado severance tax and mineral lease proceeds of $54 million are being distributed to 506 counties and districts across the state. That’s a nice jump from the $37 million distributed last year.

Colorado will distribute $54,655,280 raised via the state’s severance tax on minerals and a share of leases on federal mineral rights will be distributed to 506 Colorado counties, local governments and school districts, Gov. John Hickenlooper‘s office announced Thursday.

Read the full news release at bizjournals.com

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