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Jan 16, 2011 5:48 PM by AP

Not enough funds for Colo. water projects

PUEBLO, Colo. (AP) - A report by a Denver public policy research firm says Colorado doesn't have enough money to fund a large backlog of water projects.

Dick Brown of San Dollar Research says in his report that Colorado has relied on mineral severance taxes to fund water projects, but some of those funds were diverted to other uses as the state sought to balance its budget for the past two years.

The Pueblo Chieftain reports that Brown released the report to selected parties via e-mail. The newspaper didn't name the parties.

It reports that Brown's clients had asked him as a consultant to research how increasing mineral severance taxes or changing the distribution of revenues would affect water projects.
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Information from: The Pueblo Chieftain, http://www.chieftain.com

(Copyright 2011 by The Associated Press. All Rights Reserved.)

 

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