The Rocky Mountain News did a series on the energy boom rocking parts of Colorado and how communities are enjoying, coping, and mitigating the impacts (or at least trying to). The series offers a a number of perspectives and the challenges involved in local-state-federal policy making and planning.
The day 1 article in the series, entitled “The billion dollar question: What if?”, is particularly interesting because two state legislators have taken seemingly opposite positions from the ones you would think they would take given their respective political ties. Their perspective is likely influenced by their location place in the state and the energy boom.
Representative Josh Penry, a Mesa County Republican, is witnessing the energy boom first hand and is a big supporter of creating a permanent trust fund from oil and gas severance taxes – similar to what Wyoming did a decade ago. Chris Romer, a Democratic Senator from the Denver Metro area, favors the more measured approach of analyzing how taxes are currently collected and allocated before the state tries to set up a permanent fund.
Who’s the conservative in this debate?