City seeks exemption for about $27.4 million valuation
On Oct. 6, 2026, the council approved submitting Fort Lupton’s 2027 application to the Division of Local Government and ratified council signatures. The application seeks to exclude $27,432,866.03 in assessed valuation tied to new oil and gas production from the statutory property-tax revenue limit. It estimates a 50.006-mill levy and $17,980,913 in revenue with the exclusion, compared with 47.039 mills and $16,914,296 without it; the application estimates expenditures from the increased revenue at $1,066,616.44, for street and bridge infrastructure, storm drainage, and water and sewer lines. The application must be submitted by Nov. 1.
Adopted with the consent agenda (carried).