Division staff says roughly $7.6 million in Denver fuel-tax revenue not yet accounted for
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Summary
Finance staff told the board they estimate about $7.6 million in fuel-tax revenue associated with Denver fuel flows has not yet been captured following changes in vendors and are working with the Colorado Department of Revenue to reconcile and distribute funds.
Division finance staff reported an approximate $7.6 million shortfall in fuel-tax revenue for fiscal year 2025 tied to Denver fuel flows after the airport's major carrier changed fuel vendors.
Bryce said the estimate is based on historical flow data and known vendor changes at United and other large suppliers; he said United moved purchasing away from a single vendor to a mix that includes Sinclair, Phillips 66 and Valero, making initial tracking and attribution more complex. He told the board the division is working with the Colorado Department of Revenue to identify and collect the outstanding revenue so that two-thirds of recovered funds can be returned to Denver as intended under the distribution formula.
Board members agreed to draft a board letter to DOR to support collection efforts; staff said they would coordinate timing and follow up with the executive director's office.
Bryce said once July transactions are posted the division will be better able to pinpoint missing volume and bring a more detailed plan to the board.