The county Treasurer’s office annual tax lien sale last week sold 3,684 tax liens and recovered $7.1 million in owed taxes. That compares to 3,145 liens and $4.8 million last year. The sale also generated bonus bids totaling $61,646, which can be used to support ongoing county services. This year’s strong results – with net [...]
Continue reading …It’s now been a year since a Colorado law went into effect, requiring casinos to check for and collect payments from the winnings of individuals who owe back payment money for child support. During that time, $94,834 has been collected for families in El Paso County. The proceeds, however, represent only a small percentage of the total amount [...]
Continue reading …When Colorado voters approved gambling in 1992, they were told that gaming revenue would be used to cover the extra law enforcement costs incurred by the gaming industry. But, during budget shortfall and TABOR times, all bets are off. Gov. Bill Ritter has proposed diverting $5.5 million from the Division of Gaming to balance the [...]
Continue reading …El Paso County is reporting a threefold jump in use tax collections. In spite of a nearly 20 percent drop in building valuation for the first eight months of the year, use tax collections on building materials increased threefold during the same period. From April through August, collections of use tax on building materials is [...]
Continue reading …Commercial lending is not a business for the faint of heart. Several years ago, lenders worked overtime — scarcely able to keep up with demand. Now, they must patiently stay the course, until the market scrapes bottom before rising. Nationally, commercial and industrial lending is described in such reticent terms as “unlikely to loosen quickly.” [...]
Continue reading …The city’s plan to collect delinquent stormwater fees by converting them into tax liens might be in trouble.
At this morning’s meeting of the Board of County Commissioners, former commissioner and TABOR author Douglas Bruce appeared before the commission and told them that, in his opinion, County Treasurer Sandra Damron does not have the authority to issue or collect such linens.
Continue reading …El Paso County Administrator Jeff Greene has been named “National County Leader of the Year” for 2009 by the National Association of Counties. “From reorganizing all departments to working through huge deficits to balance the budget, County Administrator Jeff Greene has spent the last year moving El Paso County, Colorado through troubled times,” according to [...]
Continue reading …The city has apparently forgotten to turn in homework on time. It has failed to meet the July 24 deadline to submit notice for participation in the November election as required by state statute. So, whether Colorado Springs issues will be included on the ballot depends on whether County Clerk and Recorder Bob Balink will [...]
Continue reading …El Paso County’s foreclosure rate for May was 1.6 percent – up 0.4 percentage point compared to May 2008 when the rate was 1.1 percent. Based on its latest report from First American CoreLogic, the Pikes Peak region’s foreclosure rate was still lower than the national rate of 2.5., representing a 0.9 percent increase on [...]
Continue reading …Despite a 34 percent year-to-year reduction in the construction of new single family homes and a 49 percent reduction in commercial construction, the amount of money El Paso County has collected from use taxes on building materials has more than doubled.
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