CLICS/CLICS2026A/commsumm.nsf
PUBLIC
BILL SUMMARY For FUTURE OF SEVERANCE TAX TASK FORCE REPORT
JOINT COMMITTEE COMMITTEE ON WATER RESOURCES AND AGRICULTURE REVIEW COMMITTEE
Date Jun 25, 2026
Location HCR 0112
Future of Severance Tax Task Force Report - Committee Discussion Only
|
|
|
10:33:42 AM |
Karen Schlatter,
Colorado Water Center, introduced her presentation and gave an overview
of how severance taxes are distributed to state government programs within
Department of Local Affairs and the Department of Natural Resources. She
told the committee about ways that other states fund water projects, and
Colorado's water funding needs and gaps. |
|
10:43:17 AM |
Rebecca Hill, Colorado
State University, discussed the interviews that were conducted and the
challenges identified. She spoke about the themes that came out of the
stakeholder interviews, including long-term vs. short-term funding issues,
political pressures, state budget restrictions, tax revenue volatility,
the diversification of funding strategies, and community-based solutions.
|
|
10:48:28 AM |
Ms. Hill told the committee about alternatives to severance taxes for funding water projects, including backfilling past sweeps, preventing future sweeps, and identifying new and future funding options. |
|
10:55:44 AM |
Nate Pearson, Department of Natural Resources, was available for questions. |
|
10:56:04 AM |
The panelists responded
to questions from the committee regarding the possibility of future sweeps
of severance tax funding to backfill the General Fund and the future of
severance tax revenue as Colorado moves toward alternative fuel sources,
|
