On the recordJune 25, 2013
One of those promising things about American energy development is not just the fact that it's creating thousands of jobs, but it's the side benefits of the revenue produced and what that revenue goes to. In fact, in Weld County, Colorado, in my district, it's probably the only county in the country that has zero bonded indebtedness because of the natural gas and oil production. They don't have any debt. If they need a road, they pay for it. They pay for it with the money that they've received out of severance tax payments from oil and gas development. Two companies paid their 2011 property taxes a couple of months ago. They paid $150 million to one single county. Forty percent of that revenue of $150 million goes to the school districts, goes to the community colleges. So not only are we able to develop affordable energy for the American people, not only are we able to put people to work but we're also doing better things for our schools and our community colleges because that revenue then turns around and goes to the core community institutions that make our country strong.





