Created: Thu, 09 Jan 2014 06:37:00 MST
Updated: Fri, 10 Jan 2014 05:50:35 MST
GRAND JUNCTION, Colo.- Due to a previous oversight by state government officials, $3.8 million in Federal Mineral Lease funds will be included in this year’s state budget to be distributed to local governments.
In 2008, the Local Government Permanent Fund was created to distribute Federal Mineral Lease dollars in years where the balance for normal distribution was at least 10 percent lower than the previous year.
That was the case in 2013, but the funds were not dispersed to local governments. Now that the error has been discovered, officials say those funds will likely be distributed this year.
“This was a good joint effort between everybody to make sure this money gets released, and this $3.8 million is going to come into those rural communities to help build the economy and help create jobs,” said Martin Chazen, Mayor Pro Tem for the City of Grand Junction.
The City of Grand Junction would receive about $78,000, while Mesa County would receive $168,000 in funding.
The state legislature will discuss the issue next month and are expected to adjust the budget for this mistake.