With future funding of Colorado’s water projects uncertain, lawmakers begin to hunt for solutions

Drill, Baby, Drill... But for Water

A while ago, in a article about investment opportunities, we concluded that water was the new oil, the commodity that would provide one of the the best returns in the future. A bit hyperbolic, maybe? But there is another aspect of water relevant to resource industries, namely that its scarcity will inhibit or raise costs of resource development, including that of oil and gas. Take fracking, which made America’s petroleum industry great again. It…

Colorado lawmakers want to tax “free” sports bets to raise more money for water projects

Colorado lawmakers on the hunt for more cash for water programs are proposing that sports gaming companies pay new taxes on free bets, a move that could boost the amount of money the gambling activity now generates for water projects…

With future funding of Colorado’s water projects uncertain, lawmakers begin to hunt for solutions

With a critical source of funding for Colorado’s water projects facing an uncertain future, lawmakers want to task a group of experts with providing recommendations for solutions.  Severance taxes, which are imposed on nonrenewable energy...

Colorado lawmakers want to tax "free" sports bets to raise more money for water projects

Colorado lawmakers on the hunt for more cash for water programs are proposing that sports gaming companies pay new taxes on free bets, a move that could boost the amount of money the gambling activity now generates for water projects by roughly 30%. Companies often offer free bets to entice more players to their site. Revenue produced from those free bets has not traditionally been taxed. If approved, House Bill 1311 would generate nearly $12 mi…