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Garfield County commissioners warn of $9 million property tax shortfall; grant cuts and hiring freeze planned
Summary
County officials told nonprofit presenters at an Aug. 19 work session that Garfield County expects a roughly $9 million drop in property-tax revenue tied to oil- and gas-assessed values, prompting a hiring freeze and proposed reductions to the county's grant budget; final grant awards will be decided Oct. 21.
Garfield County commissioners told nonprofit and agency representatives Aug. 19 that the county faces a roughly $9,000,000 shortfall in property-tax revenue compared with last year, and that the gap is largely tied to lower oil- and gas-property valuations. County officials said they have imposed a hiring freeze and expect reductions in the county's discretionary grant program.
The commissioner leading the work-session opening said, "we are $9,000,000 short from last year in property taxes, and that's primarily due to oil and gas property taxes." He added the county's residential property tax revenue had increased slightly while the drop was…
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