Colorado Undergoes Energy Tax Revenue Boom.

• Position: 2001 tax collection figures and usage - Brief Article

Natural-resource tax collections in Colorado nearly doubled during fiscal year 2000-2001 due to high energy costs and demand. The state collected $55.6 million in taxes on energy and mineral production companies in the first 10 months of fiscal 2001. That compares to $29 million last year. Revenues will be divided evenly between state and local governments. The state uses its portion to develop water resources and support agencies such as the Geological Survey and the Oil and Gas Conservation Commission. At the local level, cities and counties in energy-producing parts of the state apply these funds...