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Energy Outreach Colorado plans to distribute $9.36 million statewide through its 2007-08 programs to help households afford home energy. The money which Energy Outreach raises through thousands of donations from individuals, foundations, corporations and government sources, includes: $5.4 million for energy assistance payments contributed to a statewide network of 100 assistance agencies that operate year [...]

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Colorado severance taxes too low?

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Colorado’s severance taxes, coupled with a “dizzying array of exemptions and deductions,” have cost the state nearly $1.3 billion in foregone tax revenue, says a report from Community Office for Resource Efficiency. Severance taxes are levied on the industry to recoup part of the value of resources such as natural gas, oil and coal forever [...]

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Is innumeracy (i.e., mathematical and/or arithmetical ignorance/incompetence) a problem among the political class? You’d certainly think so, given an article in this morning’s Denver Post questioning the financial assumptions of a couple of state legislators re revenue from gas wells on the Roan plateau in western Colorado. Here’s an excerpt: “A proposal by statehouse Republicans [...]

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