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Bonding presentation outlines tax impacts for proposed Carbon County Consolidated Campus
Summary
DA Davidson analyst Bridget Ekstrom presented mill-levy impact analysis and estimated taxpayer impacts for a proposed consolidated county campus; presenters noted effects from forthcoming second-home tax-rate changes and the wind-farm tax-abatement phaseout, and staff discussed using cash reserves and election timing.
Bridget Ekstrom of DA Davidson presented bond-cost analyses for a proposed Carbon County Consolidated Campus at the March 19 meeting. Ekstrom provided a sample mill-levy impact analysis, estimated taxpayer impact figures and county assessed and taxable-value information.
Ekstrom said those estimates will change with the full implementation of new tax rates for second homes and the phase-out of the wind farm's tax abatement, and that those changes make the cost for primary residents likely to fall. Administrative Officer Angela Newell pointed out available cash reserves in the facilities capital fund, wind farm proceeds and industrial settlement funds that could reduce borrowing needs.
The board discussed the timing of any ballot measure and whether to defer placing a bond before election season concludes. No bond authorization vote occurred at the meeting; presenters and staff left the board to consider timing and further financial detail.
