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RBC | Rio Blanco County’s proposed 2021 budget is set for adoption by the Board of County Commissioners on Tuesday, Dec. 15, 2020. During work session Tuesday the board reviewed the budget with Budget and Finance Director Janae Stanworth.
Overall revenue is projected to increase by $355,772 and expenses by $651,315 for a net difference of about $300,000. The majority of expenditures over revenue are related to capital improvement projects for Meeker Airport and Rangely Airport entitlement funds. The county plans to cover 5% of the cost of airport improvement projects and remaining costs will be covered by federal/state funding.
Severance tax revenues are projected to decrease by about 75% from 2020, Federal Mineral Lease (FML) is expected to decrease by 2%, based on the assumption that oil and gas prices will increase in 2021. If they do not, FML payments could decrease further.