The Weld County Board of Commissioners voted last week to accept $1 million in federal oil and gas lease revenue, which will go toward nine road projects in the jurisdiction.
“The traveling public expects our roads to be safe, efficient and meet their overall needs,” said commission Chair Steve Moreno. “While the county budgets each year for road improvements, funding from the Federal Mineral Lease Act District is a great additional resource we can use to maintain our transportation system.”
According to the Tax Foundation, the federal government compensates states for mineral leasing activity because the surrounding communities bear costs and burdens related to the industrial activity.