Each individual town in the county first prepares a budget and
establishes mill levies to produce anticipated revenues. In
previous years, state law limited the increase in revenue each
municipality could establish.With the passage of the TABOR
amendment in 1992, increases in revenue were limited to the rate
of inflation if there was an increase in valuation. If the
valuation dropped, the levy could not be increased to keep the
revenues the same. It now is illegal to raise levies without
voter approval. However, the towns and most taxing districts
have gone to the voters and received approval for keeping
additional revenues from grants and increases in valuation. From
property taxes this year, the towns will have a gross revenue of
$571,702. This represents a $1,373 decrease from $573,075 a year
ago. Most towns have other sources of revenue, usually received
directly from the state, such as cigarette taxes, lodging taxes,
road and bridge fund, etc. They also have revenues from their
water and sewer department