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Oil and gas industry struggles expected to drop millions out of Weld County's budget

2015-10-26 09:08:14| Oil & Gas - Topix.net

The oil and gas industry's share of the assessed property value in Weld County has been on the rise for years: Although 2016 budget planners are enjoying the spoils right now, it looks like the drop in oil and gas activity will take $60 million out of the county's budget in 2017, said Finance and Administration Director Don Warden. A third of the county's revenue comes from property tax, which annually charges a percentage of a property's assessed value, a figure assigned by the assessor's office.

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